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Full text of "Twenty Seventh Massachusetts Life Insurance Report, 1882"

State Library 



OF 



MASSACHUSETTS. 



A. 



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J 



PUBLIC DOCUMENT. No. 9. 



TWENTY-SEVENTH ANNUAL EEPOET 



OF THE 



INSURANCE COMMISSIONER 



or THE 



Commontoealtt) of iila6sacf)usett0, 



JANUARY 1, 1882. 



PART II. 
LIFE, CASUALTY, AND ACCIDENT INSURANCE. 



BOSTON: 
KanU, &toerp, & Co*, printer* to tjje Comnumtoealtk 

117 Franklin Street. 

1882. 



A 



TABLE OF CONTENTS. 



[For Index to Companies, see end of Volume.] 



COMMISSIONER'S REPORT. 

Page 

Introductory v 

Organizations Represented vii 

Industrial or Prudential Insurance viii 

Accident, Casualty, and Fidelity Insurance .... viii 

Investment of Insurance Funds ix 

The Equities of Life Insurance Contracts .... xi 

Life Insurance, Present and Prospective .... xii 

Beneficiary or Co-operative Insurance xiv-xxxii 

Membership, Benefits Paid, and Amount in Force . . xvi 

Recent Legislation xvii-xx 

Law, or No Law xx-xxiii 

Insurance versus Charity xxiv 

Unauthorized Associations and Orders xxvi 

Statements Rendered xxvii 

Statistical Tabulations (Co-operative) xxviii-xxxii 

Statistical Tabulations, Ratios, etc. (Regular Life) . . xxxiii-xlix 
Table A. — Summary of Income, Expenditures, Assets, Liabili- 
ties, etc xxxiv 

Table B. — Ratio of Net Assets to Computed Premium Reserve, xxxvi 
Table C. — Ratio of Real Estate and other Investments to Gross 

Assets 

Table D. — Policies Issued, Terminated, and Gained in 1881 
Table E. — Classification of Policies and Insurance in Force 
Table F. — Claims by Death in 1881, with Ratios, etc. . 
Table G. — Ratio of Expenses to Mean Amount Insured 
Table H. — Massachusetts Business, 1881 ■ 

DETAILED STATEMENTS. 

Massachusetts Life Insurance Companies 

Life Insurance Companies of other States .... 
Accident and Casualty Insurance Companies .... 
Mutual Aid and other Beneficiary Associations . 
Life and Accident Companies of other States, with Amount 

of Business done by Each 

List of Agents and Sub- Agents authorized to act for Life and 

Accident Companies 



xxxvm 

xl 

xlii 

xliv 

xlvi 

xlviii 



1-25 

27-121 

123-138 

139-195 

197-203 

205-212 



dlommontoealtf) of JltaesactjustftB* 



Insurance Department, Boston, 1882. 
To the Honorable the Senate and House of Representatives. 

The Report herewith presented, Part II. of the Twenty- 
seventh in its series, exhibits the financial transactions and 
condition of the Life, Accident, and Casualty Insurance 
Companies authorized in Massachusetts at the close of the 
year 1881. 

Its pages also contain the summarized statements of a large 
number of Mutual Aid and other Beneficiary Associations 
now transacting business in the State, some of them in open 
violation of its laws, because not incorporated, and therefore 
without authority. The statements of the latter have been 
accepted, and their business permissively continued, pending 
the adoption of measures for incorporation under the provis- 
ions of chap. 115 of the Public Statutes, without which they 
have no legal status in this Commonwealth, and are liable to 
injunction upon complaint of any citizen. Since the beginning 
of the present year, several others in the same condition have 
complied with the law by incorporation, and are thus relieved 
from impending embarrassment. 

Respectfully submitted. 

JULIUS L. CLARKE, 

Insurance Commissioner. 



TWENTY-SEVENTH ANNUAL REPORT 



OF THE 



INSURANCE COMMISSIONER. 



PART II. 
LIFE, CASUALTY, AND ACCIDENT INSURANCE. 



Organizations represented. 

The financial statements of one hundred and eight insurance 
organizations appear in the present Report. Twenty-eight of 
these are from the regular Life Companies represented in the 
last Report, including the Massachusetts Hospital Life ; and 
eight are from Companies writing casualty, accident, and 
guarantee insurance, including the Accident Insurance Com- 
pany of North America and the Guarantee Assurance of 
North America, both of Montreal, Canada, and admitted 
Sept. 1 and Oct. 10, 1881, respectively. 

The remaining seventy-three are the statements of various 
associations transacting the business of assessment insurance. 
Many more might have been added to these ; but most of 
them having had only a few months' existence, some having 
scarcely commenced business, it was not deemed practicable 
to require their statements for this Report. 

During the past year an important epoch has occurred in 
the history of the Union Mutual of Maine. Incorporated in 
1848, and commencing business in the following year, its 
charter permitted the establishment of its principal office in 
Boston, where, for a generation, it has been regarded as a 
naturalized citizen, ranking practically as a Massachusetts 
Company. But, in obedience to a special mandate of its own 
Legislature, the Company has removed its principal office to 



viii REPORT OF THE 

Portland, where it is now domiciled in new and elegant quar- 
ters, the construction of which for its own and the use of its 
tenants has furnished a valuable and paying investment. 

Industrial or Prudential Insurance. 

As will be seen from the statements of the John Hancock, 
Metropolitan, Germania, and the Vermont Life, the business 
of Prudential insurance is attaining considerable magnitude 
in this country. This form of insurance, as we have hereto- 
fore stated, is designed to reach the industrial classes, the 
premiums being paid weekly in small sums. By this plan 
children are insured for a premium of five cents per week 
in a sum sufficient to furnish a burial fund, the amount to 
be paid promptly upon the death of the child, at a time 
when from interruption of usual avocation, cost of medical 
attendance, and burial expenses, a little ready money is often 
of more importance than at any other period in the family 
history . The sum insured is in no case large enough to be 
an inducement to infanticide or criminal practice; temptation 
in this behalf, if any, bearing no comparison with that apper- 
taining to ordinary life insurance. By the same system of 
Prudential insurance adults may be insured, as upon the 
ordinary plan, for such amount as they may be able to carry 
by frequent small payments. This form of insurance, which 
is furnishing timely and needed relief upon the death of both 
children and adults, is based upon the most reliable tables of 
mortality, and, under proper safeguards, is strictly legitimate 
in every respect, and illustrates as clearly as any possible 
method the beneficent intentions and results of life insurance. 

Accident, Casualty, and Fidelity Insurance. 

Under the legislation of 1879 all Companies writing acci- 
dent, casualty, and fidelity or guarantee insurance, were 
restricted in Massachusetts to one class of risks. The Fidelity 
and Casualty Company of New York, which had been writ- 
ing all three, elected to transact its accident business only in 
this State, its capital stock being then $100,000. In 1881 
the Legislature removed the restriction so far as to permit 
the addition of fidelity or guarantee insurance, provided a 
Company's capital was not less than $200,000. The Fidelity 



INSURANCE COMMISSIONER. ix 

and Casualty Company thereupon increased its capital to 
$250,000, and is now writing the latter in connection with 
its accident insurance in this State. Meanwhile, the 
Guarantee Assurance Company of North America made its 
deposit of $200,000, as required by law, and has been ad- 
mitted to write guarantee risks in this and other States, that 
being its only branch of business. The Accident Assurance 
Company of North America has also made the required de- 
posit of $100,000, and otherwise complied with the law, and 
is now writing accident insurance in the State. 

In the same connection the present Legislature has granted 
a special charter for a new Home Company, the Guarantee 
Assurance Company of Boston, with a, cash capital of 
$200,000, with liberty for increase to a million, and with 
authority to act as surety in Massachusetts on public and 
private bonds, given or required in various business relations. 
The Act is elaborate in its provisions, conferring large but 
well-guarded authority on the proposed corporation. 

The four Companies which for some years have been writ- 
ing insurance on steam-boilers and plate-glass in this State 
are still in the field, two taking the former and two the latter 
class of risks, and all equally worthy of patronage. Only 
one of them is a Massachusetts organization, the Mutual 
Boiler Insurance Company, which has been carefully re- 
organized since the commencement of the present year. 
Under new auspices and judicious management its business 
is attaining larger volume, an ample cash re-insurance reserve 
is being accumulated, and its 'financial condition otherwise 
successfully strengthened. 

Investment of Insurance Funds. 

As the inevitable result of depreciating rates of interest 
during several recent years, Insurance Companies are finding 
it more and more difficult to place investments at rates suffi- 
ciently remunerative for the requirements even of a four or 
four and a half per cent reserve. Taking into account, in 
the same connection, the depressing effect of unproductive 
assets upon the average interest realized on investments, and 
also proportionally upon the surplus interest over that re- 
quired by law to be accumulated and held in reserve, which 
surplus, if any, is an essential factor in determining a Com- 



x REPORT OF THE 

pany's ability to pay dividends, it will be seen at once that 
the subject suggests important and vital issues. 

In view, therefore, of the very general belief that interest 
rates on first-class securities, such as are proper and safe in- 

-tments for life-policy reserves, are not likely in the future 
to be more favorable than those now prevailing, — if, indeed, 
they are not more liable to further decline, — it becomes a very 
serious question how the Companies will be able to invest 
their funds so as to maintain compliance with the State's 
standard of solvency. That this matter is receiving their 
critical consideration is manifest in endeavors to strengthen 
the reserves and provide for adverse contingencies by a less 
liberal distribution of surplus on the part of some,- and by 
one, notably, through its actual adoption of a three per cent 
standard for all future business. 

While thus encumbered and embarrassed in placing satis- 
factory investments, it would seem that the Companies would 
much prefer relief and exemption from the care of any funds 
other than such as appertain to the business of life insurance 
pure and proper, thus divesting themselves of all responsi- 
bility for the safe keeping and interest improvement of funds 
of a mere savings bank or endowment character, which have 
no necessary relation to the business, and which, for policy 
reserves alone held by Companies reporting to this Depart- 
ment, now exceed eighty-six millions of dollars. If this were 
done, the Companies would be at once relieved of at least 
one-fourth of the burden now so expensive to both managers 
and members. It would, moreover, obviate what some Com- 
panies claim as a necessity for going outside of what must be 
regarded as the line of safety, and risking large investments 
upon pledge of speculative railroad or other similar securi- 

Twenty-seven of the Life Companies represented in this 
Report are carrying insurance amounting to fifteen hundred 
millions of dollars, including large aggregations from various 
branches of so-called life insurance, but which, perse, are 
practically departures therefrom. The gross assets being ac- 
cumulated lor the liquidation of that indebtedness have now 
reached nearly lour hundred and twenty millions, while the 
policy reserves which they protect aggregate upwards of 
three hundred and sixty-two millions. It is, therefore, of the 



INSURANCE COMMISSIONER. xi 

utmost importance that these immense sums should be in- 
vested at the best possible rates ; but the necessity, be it ever 
so pressing, cannot justify the use of funds belonging to the 
insured, or held for their protection, in any reckless or specu- 
lative investments liable in case of panic or other contingency 
to the damaging fluctuations of the stock market. 

The Equities' of Life Insurance Contracts. 

The true mission of life insurance is best fulfilled by an 
honest and equitable observance of those mutual rights and 
guarantees in which both Companies and policy-holders pos- 
sess a common interest. Both are in honor bound in such 
interest by sacred trusts and obligations, and both have 
moral as well as legal rights which demand mutual and hon- 
orable recognition. If such a partnership of interest had 
been always accepted in its proper scope and application, the 
beneficent purposes of life insurance would have been more 
fully and satisfactorily realized, there would have been less 
of tape and technicality, and its equities would have found 
more ready and generous concession ; while dissatisfied 
policy-holders, too often unreasonable and disingenuous, 
would have had less cause for complaint, real or imaginary. 

Among other illustrations in point appears the great and 
cumbersome detail of particulars which some Companies re- 
quire the beneficiary to render in proof of loss or claim. 
With all regard for care and precaution looking to the pro- 
tection of Companies and policy-holders against fraudulent 
claims, it is still true that in a large majority of cases the 
exacting requirements imposed are both unjust and unneces- 
sary. Before the issue of a policy, it is required that 
application shall be made with all the particularity and 
minuteness necessary for an intelligent determination of its 
merits and conditions. With proper care and investigation 
it would appear incumbent on Companies to see, then and 
there, that they are not imposed upon by erroneous state- 
ments, intentionally or otherwise. 

Such duty imperatively discharged would seem only com- 
mon justice to all concerned, especially in view of the fact 
that, after long lapse of time during which a policy may con- 
tinue, events and particulars susceptible of ready and com- 
plete verification at date of issue are found in multitudes of 



xii REPORT OF THE 

cases to have faded into vague impressions. Under such cir- 
cumstances, the beneficiary, who, at best, could never have 
had as complete information as the insured, should not be 
compelled to stake his claim upon the venture of answering 
in proof the same identical questions in the same identical 
terms in which they appear in the original application, which, 
in nine cases out of ten, he may never have seen. Certainly, 
all that should ever in justice be required of a claimant is 
that he prove his ownership of the policy, and that the 
event on which it was to mature has occurred. If further 
evidence is necessary, the burden of proof should rest on 
the Company. 

Hardship, annoyance, and the loss of just and equitable 
claims have too frequently resulted from the arbitrary en- 
forcement of mere minor and technical points. The innocent 
and dependent have thus often been made the victims of 
great wrong, while others have profited through the violation 
of corporate pledges and the confiscation of acquired rights. 

But many Companies might be named whose record is un- 
stained, and whose scrupulous regard for the equities of life 
insurance, and whose just and generous fulfilment of its 
sacred trusts, do honor to their integrity and good faith. 
They are well known and honorably recognized. 

It was an advance in the right direction when some Com- 
panies were prompted to the adoption of special measures for 
the relief of policy-holders and their dependants from un- 
necessary annoyance and delay in the adjustment and pay- 
ment of claims. The action of the Equitable of New York, 
the Union Mutual of Maine, and the United States Life, in 
making their policies incontestible, subject to proper condi- 
tions and after reasonable time, places them in this com- 
mendable category. Other Companies have adopted various 
plans looking to similar results, and others still are realizing 
the importance and advantage of liberal concessions. In 
their desire to be just, yet generous, all will be glad, sooner 
or later, to accept a broader recognition of acquired equities, 
as well as stipulated rights. 

Life Insurance, Present and Prospective. 
The Statistical Tabulations appended to the text of this 
Report present a comprehensive exhibit of the volume of 



INSURANCE COMMISSIONER. xiii 

business transacted and retained by the twenty-seven Com- 
panies writing regular life insurance in the State at the close 
of 1881. The results are specially encouraging, their aggre- 
gates, as a whole, showing a steady and healthy advance in 
every important relation, and giving most hopeful assurance 
of the substantial growth and financial strength of the busi- 
ness. 

The net gain in the business of 1880 over that of 1879, by 
the same Companies, was large and gratifying; but the net 
gain in 1881 was nearly sixty per cent in excess of the pre- 
vious year. In many other essential particulars there are 
abundant reasons for congratulation ; while in the record of 
disbursements on policies matured by reason of death the 
patrons of these Companies may find satisfactory evidence 
of the material benefits secured to them and their dependants. 
In this behalf it may be added that the death claims paid by 
these Companies in 1881 aggregate the munificent sum of 
nearly twenty-two millions of dollars, almost three millions 
and a half of which were paid to Massachusetts families. 
Such a fact as this should give renewed prestige to life in- 
surance. 

But, in connection with the Statistical Tabulations referred 
to, the following brief summary of their principal items will 
be of interest : — 

Table A. — The admitted gross assets, $418,491,142, with 
gross liabilities, $369,916,936, show an increase of upwards 
of fourteen and a half and fourteen and a quarter millions 
respectively ; the ratio of assets to liabilities, 113.14, differing 
but a fraction from that of 1880. The surplus as regards 
policy-holders, 848,574,206, shows an increase of nearly a 
million three hundred thousapd dollars. The year's income 
aggregates nearly seventy-seven and a half millions, and the 
gross expenditures upwards of sixty-three millions. 

Table B. — Net assets, or actual premium reserve, 
$410,058,007, and computed premium reserve, $362,287,451, 
give the former a ratio of 113.19 to the latter. 

Table C. — Real estate, stocks, and bonds owned, $176,- 
826,201, show an increase of nearly five millions, with a per 
cent of 42.54 to gross assets. Loans on mortgages and col- 
laterals, $194,403,902, are upwards of fourteen millions in 
excess of the previous year, their per cent to gross assets 



xiv REPORT OF THE 

being 46.47. The per cent of premium notes, $18,243,993, is 
reduced to 4.39 to gross assets. These three items aggregate 
more than twenty-six and a half millions in excess of the 
reserve, which the Companies are required by law to hold for 
the protection of their policy-holders. 

Table D. — Insurance in force Dec. 31, 1881: Policies, 
598,862; amount, $1,495,632,802; a net gain of 26,193 poli- 
cies, and $77,366,297 of insurance. Tn this connection all 
but five Companies show a gain in the number of policies, 
and all but seven a gain in the amount of insurance in 
force. Those which fell short suffered no material loss. 

Table E. — The insurance represented in the preceding 
Table is distributed as follows : Life policies, 81,211,710,964, 
reserve, $270,31.^,635; endowment, $245,204,426, reserve, 
886,292,590; all other insurance, $38,717,412, reserve, $6,- 
307,227. The most noticeable increase appears in the endow- 
ment class, which shows a net gain of more than thirty-two 
millions. 

Table F. — The record of mortality exhibited in this tab- 
ulation shows 7,882 death claims during the year ; amount, 
621,819,600, — a considerable increase in both, showing a ratio 
of 1.35 in the former to mean number of policies, 1.50 in the 
latter to mean amount insured. An examination of this 
Table will suggest interesting conclusions. 

Table G. — Mean amount insured, $1,456,949,648; ex- 
penses, $11,758,744, the latter giving a ratio of .80 to the 
former. 

Table H. — Massachusetts business : Amount written, 
811,879,482; premiums collected, $3,907,601; death claims 
paid, $3,396,350. The total amount of insurance in force on 
lives in Massachusetts at the- jclose of the year was $128,- 
338,163. It is a notable fact, that, against an increase of more 
than two and a half millions in 1880 over 1879, there appears 
a decrease of nearly a million in 1881 from the previous year. 

Beneficiary or Co-operative Insurance. 

The first statements from associations transacting this class 

of business, which were published at the close of 1881, were 

in many instances imperfect and incomplete. It was found 

that some had been so loosely managed, and their financial 



INSURANCE COMMISSIONER. xv 

and other records so deficient in method or system, that in a 
few instances careful search and examination were necessary 
in order to determine their condition, as well as the actual 
number and status of their membership. But the call for 
official statements, as required by law, has resulted in great 
improvement in these important particulars. In many cases 
new books have been opened, a more intelligent system of 
record and finance adopted, and business affairs placed under 
better and more efficient management. While the officers of 
some of these associations have themselves expressed thanks 
for the requirement which has prompted this reform, their 
membership ought also to be grateful for such results. 

This greatly improved condition of things should at least 
remove all objection to State reports, especially as the busi- 
ness and membership statistics thus gathered and aggregated 
will pleasantly surprise even the most zealous advocates of 
assessment insurance, while its opponents will be equally sur- 
prised at the volume of business already accumulated. Even 
the seventy-three associations reporting herewith show an 
unexpectedly large aggregate, both in amount of benefits 
paid and in amount represented by certificates in force ; the 
former alone reaching nearly six millions of dollars during 
the last year, exclusive of a large amount paid for sick bene- 
fits. And these would be materially increased by additions 
from the larger number of associations from which statements 
have not yet been required. Of course the comparatively 
recent organization of the latter would show a proportionally 
limited membership and business, though some of them are 
rapidly increasing in both particulars. How far all will be 
able to acquire prestige and permanency will depend on pru- 
dent and honest management, and on the final result of the 
experiment of aessssment insurance. 

That some will retire at an early day, there can be no 
doubt. The New England Benefit Association has already 
closed up its business, and three or four others incorporated 
in Massachusetts are practically in the same condition. 

" The Knights of the Maccabees of the World," first insti- 
tuted in Canada, and introduced into New England and in- 
corporated in Massachusetts in 1881, have practically ceased 
to exist as an organization, at least for the time being, though 
an effort for its resuscitation is contemplated. " The Knights 



xvi REPORT OF THE 

of the Maccabees," whose statement appears in these pages, 
were incorporated in Massachusetts in 1880 as the result of a 
secession from the original organization. 

The Plymouth Mutual Benefit Association, having a mem- 
bership of 74, rendered through its Secretary a partial state- 
ment ; but, being necessarily incomplete in consequence of 
the absence of the Treasurer, it has been omitted from this 
Report. 

Membership, Benefits paid, and Amount in Force. 

The following aggregation of results will be of interest, as 
showing the large membership attained and the extent of 
business transacted by the seventy-three assessment associa- 
tions which have reported. The fact that very many of them 
have been so recently organized renders the exhibit especially 
noticeable, although, as under other plans and methods, a few 
associations lead all the rest in volume of membership and 
business. It is known, however, that many of their younger 
competitors are making rapid advances in the same direction. 
But here are some of the reported results : — 

Ten Masonic Associations with 9,869 members, and out- 
standing certificates representing $17,927,259, paid during 
the last year $136,800 to the widows, orphans, or other de- 
pendants of 85 deceased members. 

Twelve Odd Fellows' Associations with 10,714 members, 
and outstanding certificates representing $9,514,157, paid 
benefits amounting to $105,742 on account of 132 deceased 
members. These twelve Odd Fellows' Associations, many of 
them with limited membership, and the whole having an 
average business existence of nearly seven years, have paid 
more than half a million dollars to their dependent widows 
and orphans. 

It is fair to say that these two classes of organizations are, 
with the exception of a few in other classifications, the only- 
ones which have not been established for pecuniary emolu- 
ment. It should be stated, also, that the noticeable differ- 
ences in the ratio of amounts represented by outstanding 
certificates, and amounts paid for benefits in these and other 
organizations, are chiefly due to the larger or smaller assess- 
ments required by some upon the decease of members. 

Nineteen organizations under so-called secret administra- 



INSURANCE COMMISSIONER. xvii 

tion, having a reported membership of 356,392, with out- 
standing certificates representing $751,857,384, paid benefits 
during the last year amounting to $5,338,993 on account of 
2,651 deceased members. In this connection two of these 
orders, the Knights of Honor and the United Workmen, are 
specially prominent ; the former, with its 125,000 members, 
having paid for benefits during the year upwards of two 
millions of dollars, and the latter, with nearly 102,000 mem- 
bers, more than a million and a half. 

The statements of thirty-two other Mutual Aid and Bene- 
fit Associations, printed herewith, show an aggregate mem- 
bership of 27,713, with certificates in force representing 
$73,534,407, and $265,680 paid during the year for benefits, 
due upon the death of 153 members. These are purely 
Massachusetts organizations, as are those using the Masonic 
and Odd Fellows' title, and also some others, many of 
them transacting business in various States. 

A further aggregation of results reported by these four 
classes of organizations for the year covered by their state- 
ments shows a total membership of more than four hundred 
thousand, with certificates in force representing upwards of 
eight hundred and fifty millions of dollars, and total receipts 
amounting to $6,319,946, of which $5,991,388 was from as- 
sessments for death benefits, and payments amounting to 
$5,838,215 due upon the decease of 3,021 members, and 
$307,826 on account of working expenses. 

Recent Legislation. 

The statutes* under which associations organized and in- 
corporated u for religious, charitable, benevolent, and other 
like purposes," are exempted from compliance with the gen- 
eral insurance laws of the State, have not hitherto extended 
such exemption except to those making provision for the 
payment of benefits to the widows, orphans, or other depend- 
ants of deceased members. Several of these associations, 
probably without due consideration of their corporate powers 
and privileges, were found to be exceeding their authority by 
providing endowment and other insurance payable to living 
members. A few, on becoming aware of their position, volun- 
tarily discontinued the latter branch of their business ; and 

* See chap. 115, Public Statutes. 



xviii REPORT OF THE 

others, on being officially notified of their violation of law 
and liability to forfeiture of charter, also yielded compliance, 
awaiting, very properly, the action of the Legislature. One 
exception to the latter, however, assuming that the Insurance 
Commissioner had misconstrued the law, persisted in its 
illegal business, and was finally enjoined therefrom by the 
Supreme Court, which affirmed the Commissioner's ruling. 

In order to relieve the class of associations referred to by 
extending the scope of their legitimate business in the de- 
sired direction, and to secure other results regulating the 
same and looking to the better protection of public interest, 
the following enactment has been added to those previously 
upon the statute book : — 

CHAPTER 195. 

An Act enlarging the powers and duties of associations for 
charitable and other purposes. 

Be it enacted, etc. : 

Section 1. A Corporation organized for any purpose mentioned in 
chapter one hundred and fifteen of the Public Statutes may make to any 
member thereof who is disabled by accident or sickness, or to the wife, 
children or other relatives of, or any other person dependent upon, such 
member, weekly or other payments during a period of disability of such 
member not exceeding six months at any one time, and may provide in 
its by-laws for the payment from time to time, by each member, of a fixed 
sum to be held by the Corporation, Association or Society for such pur- 
pose. The fund so held shall not exceed the amount provided in section 
nine of said chapter, and shall not be liable to attachment by trustee or 
other process. 

Sect. 2. Section eight of said chapter is amended so as to read as 
follows: " A Corporation organized for any purpose mentioned in section 
two may, for the purpose of assisting the widows, orphans or other rela- 
tives of deceased members, or any persons dependent upon deceased 
members, provide in its by-laws for the payment by each member of a 
fixed sum, to be held by such association until the death of a member 
occurs, and then to be forthwith paid to the person or persons entitled 
thereto, and such fund so held shall not be liable to attachment by trustee 
or other process ; and associations may be formed under this chapter for 
the purpose of rendering assistance to such persons in the manner herein 
specified." 

r. 3. Section eleven of said chapter is amended so as to read as 
follows: " Every Corporation, Association or Society within this Com- 
monwealth which issues a certificate to or makes a promise or agreement 
with its members, whereby any sum of money or other benefit is to be- 
come due or payable upon the disability or decease of a member, shall 
annually, on or before the first day of April in each year, report to the 



INSURANCE COMMISSIONER. xix 

Insurance Commissioner the location of its principal office in this Com- 
monwealth, and the names and addresses of its President, Secretary and 
Treasurer, or other officers answering thereto, and shall make such further 
statements of its membership and financial transactions for the year end- 
ing on the preceding thirty-first day of December, with other information 
relating thereto, as said Commissioner may deem necessary to a proper 
exhibit of its business and standing. Said Commissioner may for good 
cause shown in any case extend the term above prescribed for filing such 
report and statement, but not beyond the fifteenth day of such month of 
April; and he may at other times require any further statement he may 
deem necessary to be made relating to any such Corporation, Association 
or Society." 

Sect. 4. No such Corporation, Association or Society as is mentioned 
in said section eleven, hereafter beginning business in this Common- 
wealth, shall re-insure with, or transfer its policies or membership certi- 
ficates or funds to any organization not authorized to do business in this 
Commonwealth . 

Sect. 5. This Act shall take effect upon its passage. [Approved May 
1, 1882. 

By this enactment the payment of benefits, weekly or 
otherwise, in cases of accident or sickness, is made legal, sub- 
ject to conditions therein specified, for organizations incor- 
porated under the provisions of chapter 115 of the Public 
Statutes. Those not so incorporated, which pay such or 
other benefits to living members, or to the dependants of de- 
ceased members, are subject to the provisions of the general 
insurance laws as set forth in section 154, chapter 119 of the 
Public Statutes. 

Since the publication of the last Annual Report from this 
Department, many of the latter have been incorporated, and 
others are now taking necessary measures to become so, and 
thus escape,the trouble, expense, and penalty incident to an 
injunction, or to arrest and conviction. Proceedings in all 
these cases have been thus far delayed in the hope that every 
such association would secure a legal status and recognition. 
Those who represent them, or who are identified with their 
existence and management, are in many instances gentlemen 
prominent in business and other public relations, who it is 
hardly supposable would willingly violate the laws of the 
State, or invite the consequences of such action. 

As the entire legislation of Massachusetts affecting assess- 
ment insurance is notably and exceptionally liberal . and 
friendly, and its administration by this* Department equally 



xx REPORT OF THE 

so, it is with very ill grace that any of its advocates should 
oppose the enactment of laws so manifestly paternal and 
protective as those now in force in this Commonwealth. Yet 
occasionally such a one becomes eloquent in urging " legisla- 
tive reform," and "the use of the lobby," for the removal of 
laws supposed to conflict with " the methods we practise." 
We fully agree with a prominent co-operative advocate whose 
words have just been quoted, that u the time has come when 
laws should be made in the interest of the masses who desire 
protection for themselves and their families," though neither 
necessarily nor as a matter of course in the interest of the 
particular "methods we practise." No better doctrine could 
find utterance; and one of the best possible illustrations of its 
efficacy will appear in the practical enforcement of the pro- 
visions expressed in sections three and four of the statute 
herewith recited, the enactment of which was so materially 
aided by the irrelevant and specious arguments adduced in 
opposition. Under these provisions the Legislature has prac- 
tically and wisely closed the door against every association 
and order not authorized in the State, and not duly account- 
able therein. It is a satisfaction to know that they have 
already resulted in the exclusion of several worthless con- 
cerns which were zealously anxious to improve the social, 
moral, and beneficiary atmosphere of the old Bay State. 

Law, or no Law. 

Nihilism, per se, is neither practically nor technically re- 
stricted, either in spirit or aim, to merely social and political 
conditions or issues. In many other important relations its 
inspiration and scope far exceed such limit. It should occa- 
sion no surprise, therefore, if even the most liberal and equita- 
ble legislation designed for the protection of widows, orphans, 
and other dependants of the deceased, as well as its most 
impartial and lenient enforcement, should be condemned and 
denounced as uncalled for and arbitrary when conflicting 
with schemes devised and manipulated for the promotion of 
mere personal interest and emolument. The latter phase of 
nihilism, like the former, would delight in the abrogation 
of all law, and in the unlimited license of mercenary greed 
and device, — in other words, "a go-as-you-please" license, 
not particularly commendable or safe even under the guise 
of boasted integrity and beneficence. 



INSURANCE COMMISSIONER. xxi 

The startling revelations of several life insurance receiver- 
ships, and the scandalous history of their origin (though 
never yet a single one in Massachusetts), afford humiliating 
illustration of the readiness with which speculating and un- 
scrupulous managers would trample upon all law and honesty, 
even to the sacrifice of an institution which, in its grand 
conception and in its substantial provision against poverty 
and want, is surpassed by no rival in this or in any other 
country. 

So, also, the equally scandalous and criminal practices de- 
veloped in the management of assessment insurance in two 
or three jurisdictions, and in some instances even in organiza- 
tions claiming a purely social and beneficent character, have 
already furnished a similar and not less unwelcome history of 
imposition and avarice. 

Under such auspices it should surprise no one to learn of 
large private incomes here and there manipulated as a spe- 
cialty at the expense of supposed charity and beneficence. 
Though denied before the legislative committee on insurance, 
the charge is nevertheless true, and with existing opportuni- 
ties is likely to remain true. 

It is moreover a surprisingly silly and fallacious pretence, 
that, because "old-line premium insurance " has been in so 
many cases sadly prostituted to the purposes of corrupt and 
speculating adventurers, the system of assessment insurance 
must therefore be an exception, and consequently an incor- 
ruptible and always honest institution, and that, being mutual 
in principle (as claimed), it should not be held to any stat- 
utory accountability. 

But a still more absurd and senseless plea is now and then 
heard, that, because a beneficiary association having State 
jurisdictions is governed secretly or otherwise by a delegate 
or representative administration, it i& in itself a guarantee of 
financial security, and should therefore be exempt from legis- 
lative requirement. Bad management and a dissatisfied 
membership, if either exist, would naturally prompt such a 
plea for exemption. But, were it otherwise, the argument 
would not possess a shadow of equity or force, because, in its 
very face, appears the fact that some of the most serious ir- 
regularities have occurred in organizations whose representa- 
tive form of government has afforded no security against 
mismanagement and defalcation. 



xxii REPORT OF THE 

Honestly and equitably administered as mutual aid and 
other beneficiary associations now authorized in Massachu- 
setts are believed to be, the claim that their plan of business, 
whether under representative or other management, is a 
burglar- proof invention, and, beyond the reach of knavery and 
peculation, is " too thin " to bear the scrutiny either of com- 
mon intelligence, or even of a reasonable common sense. 

Naturally enough, therefore, the question recurs with em- 
phatic pertinence, Shall there be "law, or no law," for the 
protection of the people against fraud in the management 
and dispensation of so-called beneficent indemnity, more 
properly assessment insurance? From every well-informed 
and fair-minded advocate of its plans and purposes, and hun- 
dreds of such are constantly seeking information through this 
Department, the invariable expression is commendatory of 
supervisory legislation ; and with very rare exceptions, per- 
haps a, half-dozen among nearly two hundred orders and 
associations now authorized in Massachusetts, the voluntary 
response is a cordial approval of the present system of finan- 
cial accountability and report to the State. In the language 
of many of these dissatisfied inquirers, almost any system of 
response under legislative enactment will prove far more ac- 
ceptable, as a rule, both to present and prospective menber- 
ship, than to be coolly and pertly told, that, if information is 
wanted, it can be had on application to those whose own 
management is the direct cause of complaint and distrust. 

As already and plainly implied, such organizations and 
their business are just as properly subjects for government 
supervision as are regular life insurance companies and their 
business. The holders of membership certificates in the for- 
mer are just as much entitled to whatever of protection and 
security the law can afford, as are the holders of policies in 
the latter. Both classes of organizations are business enter- 
prises, the former merely combining social and fraternal 
features for mutual interest and improvement. 

These criticisms imply no reflection upon the good faith 
and integrity of any order or association, nor upon any offi- 
cials whose honesty of purpose and management should com- 
mand confidence and recognition. Nearly all such have 
voluntarily expressed strong approval of protective enact- 
ments, both for their own interest and that of their member- 



INSURANCE COMMISSIONER. xxiii 

ship, as well as for the security of the public. More than 
this, there comes from the membership itself, and also from 
those contemplating such affiliation, a very unanimous desire 
that the Legislature shall insist upon some proper accounta- 
bility, at least as a guarantee of good faith in return for the 
special privileges and immunities which it has so freely 
granted, and as a pledge, so far as may be, that organizations 
enjoying such favors will not betray trusts which they have 
invited. 

From these sources has come a very general response com- 
mending the action of the Legislature in providing such 
safeguards as seemed equitable and necessary, without im- 
posing arbitrary or burdensome requirement, which has not 
occurred, and will not. And yet the insinuation has been 
heard, that, even in this friendly legislation, the State is 
covertly seeking the opportunity to impose fees, taxes, etc., 
upon these societies ; one ignorant and untruthful writer even 
affirming that the State is already bleeding them for its own 
benefit ! The truth is, the State actually incurs a considerable 
expense on their account ; but, as the result of its generos- 
ity in exempting them b}^ law from all taxation, not a cent 
has ever been received or expected in remuneration. Even 
the little charge of five dollars for a charter is more than 
compensated by the equivalent, which not unfrequently costs 
the State three times that amount. 

But, without further review, the problem, "law, or no 
law," would seem to have found a popular solution in favor 
of reasonable statutory requirement. The few who demur, 
apparently in fear of some possible exposure of weakness or 
irregularity, appear oblivious to the fact that assessment insur- 
ance, whatever its plans, methods, or auspices, is still in its 
experimental period in this country. Hence the develop- 
ments of the year have emphasized with yet greater force the 
declaration made at the last annual conference of insurance 
officials at Detroit, that, "if it can stand light and history, 
it deserves indorsement and success. Meanwhile, the pro- 
tection of the people against the possibility of imposture, 
during ^he pendency of its trial, becomes the plain and 
imperative duty of the State." 



xxiv REPORT OF THE 

Insurance versus Charity. 

The assumption that a stipulated indemnity in ease of 
sickness, accident, or death, though contingent in amount on 
numerical membership or other uncertain conditions, is not 
insurance, but a sort of quasi charity, if provided for by as- 
sessment, is utterly unworthy of a moment's consideration. 
So, too, the foolish pretence that organizations promising 
such or similar indemnity, whether under secret or other ad- 
ministration, are not providing insurance, because not estab- 
lished for profit or gain, is even less worthy and tenable. 
Either proposition is not only a fallacy, but an imposition 
upon human credulity. Such is the expressed opinion of 
hundreds and thousands of members who scout the idea of 
receiving as a charity that for which they have paid and to 
which they are legally entitled. The official organ of the 
United Order of the Golden Cross, an eminently fraternal 
association, expresses the true idea in declaring that its bene- 
fits are paid " as a matter of right, not of charity." 

The social, moral, and in some cases religious associations 
and influences appertaining to some of the so-called secret 
orders (nominally secret for purposes of self-protection), 
are in themselves worthy of all honor and commendation. 
Of the value and usefulness of these ministries in fraternal 
circles, there can be no question. But even their mission, 
noble and good as it may be, does not and cannot in any 
sense change the character of the indemnity or insurance. 
It may be said, also, that the latter is, after all, the controlling 
inducement to membership, perhaps in ninety-nine cases in a 
hundred. Without the pecuniary consideration, the Hamlet 
of the programme would be left out. 

It would not be strange, indeed, if nice points for legal in- 
terpretation should present themselves in the discussion of 
such a subject. But viewed in the light of plain common 
sense, and with all proper and friendly concession, it does not 
appear that differing methods for the accomplishment of the 
same results can make white black, or black white. In other 
words, a piece of merchandise purchased at one place for a 
dollar, and the same thing for fifty cents under different 
methods of business at some other place, is not changed in 
character or kind. 



INSURANCE COMMISSIONER. xxv 

A life insurance company contracts and agrees to pay cer- 
tain sums of money in consideration of certain stipulated 
premium rates ; and a mutual aid or beneficiary association 
contracts and agrees to pay certain sums of money in consid- 
eration of certain stipulated assessment rates. With such 
and other equally suggestive facts in view, it is difficult to 
see why the decision of the Massachusetts Supreme Judicial 
Court is not right in declaring such a contract as the latter 
tu be u one of insurance, whatever be the terms of payment 
of the consideration by the assured, or the mode of payment 
of the sum payable in the event of loss, and although the 
object of the insurer in making the contract is benevolent, 
and not speculative," and further, that " it is none the less a 
contract of mutual insurance because the amount to be paid 
is not a gross sum, but one graduated by the number of 
members ; nor, because a portion of the assessments are pay- 
able upon uncertain periods of the death of members; nor, 
because in case of non-payment of assessments, the contract 
provides no mode of enforcing payment thereof, but merely 
declares the contract forfeited." In full concurrence with 
this ruling, the Supreme Court of Ohio has recently rendered 
a decision in two test cases occurring in that State. 

In conclusion, it should be stated that almost every organi- 
zation in Massachusetts which provides indemnity or insur- 
ance by assessment for the relief of widows, orphans, or 
other dependants of deceased members, has manfully placed 
itself on record as transacting an insurance business. Of the 
large number not under secret administration, including 
Masonic and Odd Fellows' Mutual Relief Associations, which 
are in no sense secret, only three or four have objected to 
such a classification of their business ; while, of the so-called 
secret orders, nearly every one, by its own official literature 
and declaration, claims to offer insurance on specially favora- 
ble conditions, and " at actual cost" one of them not inaptly, 
perhaps, designating it as " benevolent insurance." Among 
this number are no less than ten or twelve of the leading 
orders represented within the Commonwealth. With almost 
perfect unanimity, also, do the various classes of beneficiary 
associations accept the decision of the Court as above cited. 



xxvi REPORT OF THE 

Unauthorized Associations and Orders. 

The dishonest and fraudulent resorts practised in various 
sections of the State by unauthorized assessment organiza- 
tions from some other jurisdictions, during the past year, 
became a matter of serious and growing complaint. Under 
the guise of charity, benevolence, and even religion, the 
State was perambulated by the irresponsible representatives 
of these still more irresponsible " co-duperatives ;" and in 
many cases resident citizens, including here and there regu- 
larly licensed insurance agents, were tempted by the offer of 
ernormous commissions to brave the risk of indictment and 
penalty. As a consequence, several arrests were made, all of 
which resulted in conviction, except in a Springfield case in 
which the defendant jumped bail, leaving his bondsmen to 
pay costs and expenses. 

No better proof of the dishonest and worthless character 
of an association or order is needed than that furnished by 
its underhanded, skulking violation of law. Then, as in sev- 
eral known instances, to leave its often deceived and sold 
agent to pay his own fine and costs is a further act of mean- 
ness perfectly compatible with its confidence game. 

Under such operations as these, a great number of people, 
largely from the poorer and laboring classes, who could ill 
afford to be swindled, have unwittingly permitted themselves 
to be duped and imposed upon by some of these" law-breakers, 
whose flaming advertisments and other deceptive literature, 
promising fabulous and impossible benefits, outrival the most 
extravagant and pretentious quackery. In keeping with 
some of these more cheeky examples of jugglery, has come 
the attempted resurrection of assurance on prospective mar- 
riages and births, which was inaugurated with great flourish 
and ridiculous pretence in England in 1712, only to dis- 
appear with other bubbles of that period. It is only neces- 
sary to add, in connection with these particular concerns, 
that, like themselves, their membership certificates have no 
standing in this Commonwealth, and are worth just about as 
much as the paper on which they are printed. 

In response to increasing complaint from those who thus 
found themselves deceived and victimized, it became neces- 
sary for the protection of the public to advertise, as far as 



INSURANCE COMMISSIONER. xxvii 

practicable, a list of associations having no, authority in the 
State. The list included both those complained of, and those 
reported as transacting an underground business therein ; and 
probably enumerated a few honest associations, though no 
reflection upon their integrity was implied by notice of their 
lack of authority, nor by the closing reference to fifty or 
sixty others, unnamed, which had been refused admission into 
the State. The publication was made chiefly in the larger 
centres of business and population, which usually furnish a 
more promising field for fraudulent operations; and it is in 
evidence that the information communicated saved many citi- 
zens and families from imposition. 

Statements Rendered. 

The following tabulated summary of the statements ren- 
dered by the four classes of assessment associations exhibits 
in comprehensive form the results of their business as far as 
reported. Their aggregates, some of which have been cited 
on page xvi, are of special interest and worthy of attention. 
As before stated, a considerable number have not been called 
upon to report because of their recent organization. Among 
the latter is the Massachusetts Safety Fund Association, 
which, under its re-organization, had just entered upon its 
business career at the beginning of the present year. The 
statement of the Chelsea Mutual Benefit Association came 
too late for publication. The next Report will include all 
these. 



XXV 111 



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STATISTICAL TABULATIONS. 



Showing the Transactions of Regular Life Insurance 
Companies Authorized in Massachusetts. 



XXXIV 



REPORT OF THE 



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Insurance Compani 
of other States. 


eneral 
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^Etna . 

Connecticut 

Connecticut 


Equitable 
Germania 



INSURANCE COMMISSIONER. 



XXXV 



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XX XVI 



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INSURANCE COMMISSIONER. 



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MASSACHUSETTS 

LIFE INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

or Annual Statements, for the Year ending 

December 31, 1881. 



MASSACHUSETTS LIFE 



[Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



BERKSHIRE LIFE INSURANCE COMPANY OF PITTSFIELD. 

[Incorporated May, 1851. Commenced business September, 1851.] 

Paid-up Capital, $25,500. 

William R. Plunkett, President. James W. Hull, Secretary. 



Income. 

Total premium income .... 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company 
as discount on claims paid in advance 
for rents of company's property 
for profit and loss account . 
from suspense account 

Total income 

Net or ledger assets Dec. 31, 1880 . 

Total 

Disbursements. 
Cash paid for losses and additions .... 
Premium notes or loans used in payment of same . 
Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same . 

Gross amount paid for losses and endowments . 
Received for losses and claims on policies re-insured 

Net amount paid for losses and endowments 
Cash paid for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse 

Cash surrender values, including reconverted additions 

applied in payment of premiums 

dividends paid policy-holders, $1,429.87*, applied 

in payment of premiums, $84,415.51 . 

Premium notes or loans used in payment of dividends 

Total paid policy-holders ..... 
Cash paid for dividends to stockholders . 
for commissions to agents 



$490,823 14 

180,510 51 

9,150 08 

829 18 

14,067 94 

477 33 

36,856 88 

$732,715 06 
3,450,644 97 

£4,183,360 03 



$102,153 95 

2,472 05 

186,157 04 

32,062 96 

$322,846 00 
1,350 00 

$321,496 00 
52,249 51 

6,996 20 

79,999 06 

85,845 38 
280 18 

$546,860 33 

1,785 00 

34,854 51 



1881.] 



INSURANCE COMPANIES. 



Cash paid for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 
for taxes and fees ..... 

for commuting commissions 

for advertising ..... 

for incidentals ...... 

for depreciation ..... 

Total disbursements ...... 



Balance 



$18,510 69 

3,900 00 

18,806 58 

11,890 55 

3,500 44 

3,661 38 

12,910 39 

9,302 46 

$665,988 33 

$3,517,371 70 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate 4 

Loans on mortgage of real estate (first liens) 

on collateral security (schedule A) 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office 

deposited in bank 
Bills receivable 
Agents' ledger balances 
Office furniture 

Ledger assets (as per balance) . 
Deduct depreciation from cost of assets 

Total net or ledger assets . 

Other Assets. 
Interest due and accrued ....... 

Rents due and accrued ....... 

Market value of stocks and bonds over cost 

Uncollected premiums on policies in force, $19,327 92 

Deferred premiums on policies in force . 31,321 31 



• $421,495 62 

2,005,611 86 

240,300 00 

158,575.87 

590,468 75 

381 54 

70,843 28 

1,155 64 

25,539 14 

3,000 00 

$3,517,371 70 
9,936 84 



$3,507,434 86 



42,306 33 

660 83 

15,835 00 



Total ..... 

Deduct loading (20 per cent) . 
Net am't uncollected and deferred prems 

Total assets per company's books 



$50,649 23 
10,129 85 



40,519 38 
1,606,756 40 



Items not admitted. 



Office furniture 
Agents' balances 
Bills receivable 
Total 

Total admitted assets 



$3,000 00 

25,539 14 

1,155 64 



29,694 78 
$3,577,061 62 



MASSACHUSETTS LIFE 



[Dec. 31, 



Liabilities. 
Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . 
Deduct net value of re-insured risks . . . . 



Net re-insurance reserve . 
Death losses and matured endowments in 

process of adjustment . 
Claims resisted by the company 

Total policy claims . 
Unpaid dividends of surplus due pol 
Premiums paid in advance 
Ledger accounts 

Liabilities as to policy-holders 
Surplus as regards policy-holders 



Gross liabilities 



$29,100 00 
10,000 00 



icy-holders 



Premium Note Account. 



$3,112,718 00 
13,595 00 

$3,099,123 00 



39,100 00 

2,9G9 14 

8,809 68 

3,484 79 

$3,153,486 61 

423,575 01 

$3,577,061 62 



Premium notes on hand Dec. 31, 1880 . $192,668 11 

received during 1881 . 25,561 04 

Total 

Used in payment of losses and claims . $34,535 01 
of surrendered policies, 

and voided by lapse . 6,996 20 
of dividends to policy- 
holders ... 280 18 
Redeemed by maker in cash . . . 17,841 89 
Total 

Balance note assets, Dec. 31, 1881 .... 

Exhibit of Policies. 
Policies and Additions in Force Dec, 31, 1880. 



$218,229. 15 



59,653 28 



$158,575 87 







Number. 


Amount. 


Whole-life policies ..... 


. 


2,866 


$6,571,263 00 


Endowment policies .... 


. 


1,883 


3,716,274 00 


All other policies 


. 


833 


1,581,750 00 


lie version ary additions .... 


• 


- 


60,743 00 


New Policies issued in 


1881 


# 




"Whole-life policies 


. 


342 


882,950 00 


Endowment policies .... 


• 


459 


947,985 00 


Old Policies revived during 


the 


Year. 




Whole-life policies 




. 14 


51,000 00 


Endowment policies .... 




. 12 


19,000 00 


Policies extended under Act of 1861 




. 203 


429,200 00 


Additions by dividends .... 




6,612* 


151,249 00 


Total number and amount 


114,411,414 00 



1881.] 



INSURANCE COMPANIES. 



Policies ceased to be in Force during the Year. 

Terminated by death 66 $111,272 00 

by maturity 72 218,220 00 

by expiry 227 472,300 00 

by surrender 87 323,618 00 

by lapse 221 470,299 00 

by transfer 26 70,000 00 

Not taken 181 382,500 00 



Total terminated 



Policies in Force Dec. 31, 1881 



Whole-life policies . 
Endowment policies 
All other policies 
Reversionary additions 

Totals 



880 


$2,048,209 00 


2,934 


$6,836,954 00 


2,035 


4,026,096 00 


763 


1,422,650 00 


- 


77,505 00 



5,732 $12,363,205 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

United States bonds . ... . $1,300 00 

100 shares New York C. and H. R. R.R. 13,100 00 ) 

50 " Third Nat'l Bank, Springfield, 8,500 00 i 

United States bonds .... 107,100 00 

15 shares Pittsfield National Bank . . 2,325 00 

164 " Pittsfield Gas Compauy . . 21,320 00 

50 " Boston and Albany Railroad . 8,000 00 

7 " Agricultural National Bank . 1,750 00 

Boston and Albany Railroad bonds . . 116,000 00 



Amount loaned. 

$1,000 00 
- 13,000 00 

100,000 00 

1,300 00 

19,000 00 

5,000 00 

1,000 00 

100,000 00 



$279,395 00 $240,300 00 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds .... $338,005 00 

508 shares Pittsfield National Bank . 68,830 00 

300 " Agricultural National Bank . 60,000 00 

250 " Adams National Bank . . 31,250 00 

North Adams water bonds . . . 43,000 00 

Berkshire county loan .... 36,750 00 

Pittsfield town loan 5,000 00 



Market -value. 

$344,250 00 
71,120 00 
63,000 00 
31,250 00 
47,300 00 
36,750 00 
5,000 00 



$582,835 00 $598,670 00 



6 



MASSACHUSETTS LIFE 



[Dec. 31, 



JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY OF 

BOSTON. 

[Incorporated April 21, 1S62. Commenced business Dec. 27, 1862.] 

Stephen H. Rhodes, President. George B. Woodward, Secretary. 



Income. 

Total premium income ...... 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company 
as discount on claims paid in advance 
for rents of company's property 
for profits on investments sold 

Total income ..... 
Net or ledger assets Dec. 31, 1880 . 



Total 



Disbursements. 

Cash paid for losses and additions .... 
Premium notes or loans used in payment of same . 
Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same . 

Gross amount paid for losses and endowments . 

Cash paid to annuitants 

for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse .... 
Cash surrender values, including reconverted additions 
applied in payment of premiums 
dividends paid policy-holders, §1,763.14; applied in 
payment of premiums, $36,886.85 
Premium notes or loans used in payment of dividends 

Total paid policy-holders 

Cash paid for commissions to ageuts 

for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 
for taxes and fees ..... 

for rent . 

for furniture and office fixtures 

for advertising 

for incidentals ...... 

Total disbursements ...... 

Balance 



$346,SS6 86 

127,956 29 

27,873 S9 

1,819 51 

8,073 31 

4,215 81 

$516,825 67 
2.445,330 34 

$2,962,156 01 



$156,439 34 

5,166 86 

76,009 44 

8,003 26 

8245,618 90 

844 63 

63,001 84 

6,736 19 

13,113 00 

41,649 99 
11,473 19 

$382,437 74 
52,651 23 
44,824 25 
13,454 87 
2SJ76 64 
11,384 94 
11,295 30 
655 06 
3,810 46 
13,188 92 

■2,479 41 

$2,399,676 60 



1881.] 



INSURANCE COMPANIES. 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate ..... 

Loans on mortgage of real estate (first liens) . 
on collateral security (schedule A) 
on company's policies assigned as collateral 

Premium notes or loans on policies in force 

Cost value of stocks and bonds owned (schedule B) 

Cash in company's office . 
deposited in bank . 

Commuted commissions . 

Agents' ledger balances . 

Personal loans . 

Ledger assets (as per balance) 
Deduct depreciation from cost of real estate 

Total net or ledger assets . 



Other Assets. 
Interere^t due and accrued ...... 

Rents due and accrued ....... 

Market value of stocks and bonds over cost 

Uncollected premiums on policies in force, $16,224 01 

Deferred premiums on policies in force . 24,989 81 



Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 



$41,213 82 
8,242 76 



$202,202 58 

1,238,104 74 

17,000 00 

11,760 00 

175,168 87 

710,631 12 

2,837 87 

31,206 50 

4,000 00 

5,996 25 

768 67 

$2,399,676 60 
6,952 58 

$2,392,724 02 



41,434 37 
1,362 83 

53,877 88 



32,971 06 
1,522,370 16 



Items not admitted. 

Commuted commissions . 
Agents' balances 
Loans on personal security 
Total 

Total admitted assets 



5,996 
. . . 768 


w 

25 

67 




10,764 92 






. . . ' . . 


$2 


511,605 24 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent) 
Deduct net value of re-insured risks 



Net re-insurance reserve . 
Death losses due and unpaid . 
Matured endowments due and unpaid 
Death losses in process of adjustment 

Total policy claims . 



$5,117 50 

4,400 00 

43,225 00 



$2,276,315 00 
2,633 00 

$2,273,682 00 



52,742 50 



8 



MASSACHUSETTS LIFE 



[Dec. 31, 



Unpaid dividends of surplus due policy-holders 
Premiums paid in advance .... 

Liabilities as to policy-holders . 
Surplus as regards policy-holders 

Gross liabilities 



$18,493 55 
6,031 44 

$2,350,949 49 
160,655 75 

$2,511,605 24 



Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $194,946 10 

received during 1881 . 14,239 49 

Total $209,185 59 

Used in payment of losses and claims . $13,170 12 
of surrendered policies, 

and voided by lapse . 6,736 19 
of dividends to policy- 
holders . . . 11,473 19 
Redeemed by maker in cash . . . 2,637 22 

Total 34,016 72 

Balance note assets Dec. 31, 1881 .... $175,168 87 



Exhibit of Policies. 
Policies and Additions in Force Dec. 31, 1880. 



"Whole-life policies . 
Endowment policies 
All other policies 



Whole-life policies . 
Endowment policies 
All other policies 



New Policies issued in 1881. 



Old Policies revived during the Year. 



Whole-life policies . 
Endowment policies 

Total number and amount 



Number. 


Amount. 


3,178 


$6,278,563 00 


1,456 


1,814,321 00 


1,405 


2,885,700 00 


404 


399,965 00 


201 


306,693 00 


196 


353,200 00 


ar. 

7 


25,000 00 


2 


6,000 00 



6,849 $12,069,442 00 



Policies ceased to be in Force during the Year. 

Terminated by death 

by maturity 

by expiry 

by surrender 

by lapse 

by change 
Not taken 

Total terminated 



. 66 


$130,969 00 


. 63 


83,955 00 


. 403 


784,750 00 


. 410 


638,618 00 


. 40 


32,900 00 


. 180 


398,087 00 


. 68 


93,400 00 



1,230 $2,162,679 00 



1881.] 



INSURANCE COMPANIES. 









Policies in Force Dec. 


31, 1881. 








Number. 


Amount. 


Whole-life policies . 


. 


3,243 


$6,110,079 00 


Endowment policies 


. 


1,390 


1,825,384 00 


All other policies 


.... 


986 


1,971,300 00 


Totals 


5,619 


$9,906,763 00 


Prudential policies in 


force 


36,032 


3,787,230 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

Ottawa, Osw., and Fox Riv. Val. R.R. b'd, .$1,280 00 

205 shares American Whip Company . 20,500 00 

Pueblo and Arkansas Valley R.R. bonds, 1,175 00 

Atch., Top , and Santa Fe R.R. bonds . 1,175 00 

St. Paul and Sioux City R.R. bonds . 1,090 00 

25 shares N. Y. C. and H. R. R.R. . 3,487 50 



Amount loaned. 

$800 00 

11,000 00 

1,000 00 

1,700 00 
2,500 00 



$28,707 50 $17,000 00 



Schedule B. 
Stocks and Bonds owned by the Company. 



Massachusetts state bonds 

Cuyahoga county (O.) bonds 

Marian county (Ind.) bonds 

Lynn city bonds 

Salem city bonds 

Bath city bonds 

Cambridge city bonds 

Albany city bonds . 

Cincinnati city bonds 

Chicago city bonds . 

Evansville city bonds 

Cleveland city bonds 

St Louis city bonds . 

Indianapolis city bonds 

Columbus city bonds 

Fall River city bonds 

Philadelphia, WiL, and Bait. R.R. bonds 

Chicago, Burl., and Quincy R.R. bonds 

Ogdensburg and Lake Champ. R.R. bonds 

Vt. Cent, and Vt. and Can. R.R. bonds 

Central Vermont Railroad bond 

Illinois Grand Trunk Railroad bonds 

Michigan Central Railroad bonds . 

Grand River Valley Railroad bonds 

Cedar Rapids and Missouri R. R.R. b'ds, 

Jackson, Lansing, and Saginaw R.R. b'ds, 



Cost value. 

$137,025 00 

10,475 00 

10,300 00 

13,845 00 

5,000 00 

1,840 00 

2,003 75 

4,822 50 

21,380 00 

4,800 00 

5,125 00 

10,300 00 

11,770 00 

13,130 00 

15,300 00 

12,127 50 

6,650 00 

25,125 00 

4,987 50 

5,040 00 

1,027 50 

19,400 00 

5,362 50 

10,487 50 

13,500 00 

10,100 00 



Market value. 

$139,700 00 

10,150 00 

10,450 00 

14,860 00 

5,500 00 

2,060 00 

2,120 00 

5,700 00 

25,900 00 

6,100 00 

5,750 00 

11,500 00 

12,650 00 

14,950 00 

15,445 00 

13,470 00 

7,525 00 

30,450 00 

5,150 00 

2,550 00 

510 00 

23,400 00 

5,787 50 

10,900 00 

17,850 00 

10,900 00 



10 



MASSACHUSETTS LIFE 



[Dec. 31, 



Boston and Providence Railroad bonds 
Boston and Albany Railroad bonds . 
Nashua and Rochester Railroad bonds 
Lowell and Andover Railroad bonds 
Old Colony Railroad bonds 
Eastern Railroad bonds . 
Burlington and Mo. River R.R. bonds 
New York and New England R.R. bonds, 
New Mexico and South Pac. R.R. bonds, 
Kansas City, Law., and So. R.R. bonds 
Massachusetts Central Railroad bonds 
Southern Kansas and Western R. R. b'ds 
Cheshire Railroad bonds . 
Chicago and Eastern Illinois R R. bonds 
Atlantic and Pacific Railroad bonds 
Wichita and South- Western R.R. bonds 
50 shares Boston and Maine Railroad 
50 " Vermont and Canada Railroad 
New Eng. Mortgage Security Co.'s bonds, 
Newton and Watertown Gas-L. Co.'s b'ds, 
100 shares New England National Bank 

50 " Tremont National Bank . 
100 " Continental National Bank 

35 " Boylston National Bank . 
100 " Washington National Bank 

22 " State National Bank 



Cost value. 

•1526,187 50 
45,937 50 
23,125 00 
18,300 00 

1,020 00 
24,177 50 
11,887 50 
20,862 50 
11,746 25 
10,355 00 

4,750 00 
11,187 50 

5,500 00 
10,900 00 
10,437 50 

9,132 50 

5,635 62 

4,962 50 

5,000 00 
20,400 00 
12,031 00 

5,590 50 
10,150 00 

4,362 50 
13,537 50 

2,531 50 



Market value. 

131,687 50 

53,550 00 
25,375 00 
22,000 00 

1,165 00 
26,500 00 
13,350 00 
21,500 00 
11,400 00 
10,350 00 

4,575 00 
10,800 00 

5,450 00 
10,475 00 

9,700 00 

9,100 00 

7,450 00 
750 00 

5,225 00 
20,000 00 
14,000 00 

5,950 00 
11,700 00 

4,375 00 
13,900 00 

2,794 00 



,631 12 $764,509 00 



MASSACHUSETTS HOSPITAL LIFE INSURANCE COMPANY 

OF BOSTON. 

[Incorporated Feb. 24, 1818. Commenced business 1823.] 
Paid-up Capital, $500,000. 
John L. Gardner, President. J. C. Braman, Secretary. 

Income. 

Total premium income ....... $83,328 98 

Cash received for interest on stocks, bonds, and loans . 54,474 80 

for commissions on trusts .... 69,848 53 



Total income 

Disbursements. 

Cash paid to annuitants ...... 

for dividends to stockholders . 
to Massachusetts General Hospital . 
for salaries of officers and office employes 
for taxes and fees . 



$207,652 31 



$47,130 48 

80,000 00 

25,000 00 

22,355 00 

8,077 39 



1881.] 



INSURANCE COMPANIES. 



Cash paid for rent 

for printing and incidentals 

Total disbursements ...... 

Invested in the following: — 

Assets as per Ledger Accounts. 
Cost value of real estate .... 
Loans on mortgage of real estate (first liens) 

on collateral security 
Cost value of stocks and bonds owned 
Cash deposited in bank .... 

Ledger assets (as per balance) . 

Other Assets. 
Interest due and accrued . . . 
Market value of real estate over cost .... 
of stocks and bonds over cost 

Total assets per company's books .... 

Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies and annuity bonds (Actuaries' 4 per 
cent) ..... 

Due and unpaid on annuity claims 

Liabilities as to policy-holders 
Surplus as regards policy-holders 



Gross liabilities 



$2,500 00 
1,821 26 

$186,884 13 



$6,331 50 

592,040 12 

338,925 20 

166,975 57 

19,115 78 

$1,123,388 17 



16,349 14 

2,180 85 
15,361 62 

,157,279 78 



$350,739 00 
2,891 32 

$353,630 32 
803,649 46 

$1,157,279 78 



Exhibit of Policies. 



Policies in force Dec. 31, 1881 . 
Annuities in force Dec. 31, 1881 



Number. Amount. 

5 $13,000 00 
152 345,021 00 



MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY 

OF SPRINGFIELD. 

[Incorporated May 15, 1851. Commencod business Aug. 1, 1851.] 

E. W. Bond, President. John A. Hall, Secretary. 

Income. 

Total premium income ....... $831,044 ]8 

Cash received for interest on stocks, bonds, and loans . 348,574 21 

as discount on claims paid in advance . 2,505 48 

for rents of company's property . . 62,779 65 



Total income 
Net or ledger assets, Dec. 31, 1880 

Total .... 



$1,244,903 52 
6,324,832 81 

$7,569,736 33 



12 



MASSACHUSETTS LIFE 



[Dec. 31, 



Disbursements. 

Cash paid for losses and additions . 
Premium notes or loans used in payment of same 
Cash paid for matured endowments and additions 
Premium notes or loans used in payment of same 

Gross amount paid for losses and endowments 
Received for losses and claims on policies re-insured 

2s et amount paid for losses and endowments 
Cash paid for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse .... 

Cash surrender values applied in payment of premiums 

dividends paid policy-holders, $21,122.48; applied 

in payment of premiums, $94,893 50 . 

Premium notes or loans used in payment of dividends 



of agents 
oyes 



Pi 



Total paid policy-holders . 
Cash paid for commissions to agents 

for salaries and travelling expenses 

for medical examiner's fees 

for salaries of officers and office em 

for taxes and fees 

for rent . . 

for advertising and printing 

for incidentals .... 

for profit and loss 

for expenses on real estate 

Total disbursements .... 

Balance ...... 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate ..... 
Loans on mortgage of real estate (first liens) . 
on collateral security (schedule A) 
on company's policies assigned as collateral 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office ..... 

deposited in bank 

Bills receivable ...... 

Ledger assets (as per balance) . 

Other Assets. 
Interest due and accrued ..... 
Bents due and accrued ..... 



$395,209 43 

14,505 99 

126,616 13 

19,179 87 

$555,511 42 
8,545 33 

$546,966 09 
17,125 85 

26,198 82 
40,320 43 

116,015 98 
80,957 42 

$827,584 59 

60,973 09 

54,952 89 

6,801 00 

37,167 91 

28,428 39 

9,014 71 

10,924 08 

16,899 58 

2,478 11 

52,982 04 

SI, 108,206 39 

$6,461,529 94 



$1,413,415 75 

2 ; 287,240 38 

240,500 00 

79,230 00 

626,307 53 

1,590,518 53 

19,701 00 

201,412 85 

3,203 90 

$6,461,529 94 



185,737 76 
3,528 9S 



1881.] 



INSURANCE COMPANIES. 



13 



Market value of real estate over cost .... 

of stocks and bonds over cost 

Uncollected premiums on policies in force, $47,067 39 

Deferred premiums on policies in force . 106,364 83 

Total $153,432 22 

Deduct loading (20 per cent) . . . 30,686 44 

Net ain't uncollected and deferred prems. 



$178,684 25 
185,101 47 



Total assets per company's books .... 

Items not admitted. 
Bills receivable ........ 

Total admitted assets 

Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . 
Deduct net value of re-insured risks .... 

Net re-insurance reserve ...... 

Death losses and matured endowments in 

process of adjustment .... $124,593 00 

Claims resisted by the company . . 27,214 00 

Total policy claims .... 

Unpaid dividends of surplus due policy-holders 
Premiums paid in advance .... 

Liabilities as to policy-holders . 
Surplus as regards policy-holders 

Gross liabilities 

Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $673,549 44 

received during 1881 . 105,406 20 

Total 

Used in payment of losses and claims . $33,685 86 
of surrendered policies, 

and voided by lapse . 25,436 39 
of dividends to policy- 
holders . . . 80,957 42 
Redeemed by maker in cash . . . 9,267 34 
Total 



Balance note assets Dec. 31, 1881 



122,745 78 

$7,137,328 18 

3,203 90 

$7,134,124 28 



$6,192,853 00 
29,687 00 

$6,163,166 00 



151,807 00 

12,502 81 

3,355 38 

$6,330,831 19 

803,293 09 

$7,134,124 28 



$778,955 64 



149,347 01 

$629,608 63 



Exhibit of Policies. 

Policies and Additions in Force Dec. SI, 1880. 

Number. Amount. 

Whole-life policies 8,626 $20,534,508 00 

Endowment policies 2,387 3,988,697 00 

All other policies 2,162 4,752,485 00 



14 



MASSACHUSETTS LIFE 



[Dec. 31, 



New Policies issued in 1881. 





Number. 


Amount. 


Whole-life policies ...... 


. 928 


$2,800,305 00 


Endowment policies ..... 


. 541 


1,225,900 00 


All other policies 


. 18 


75,500 00 


Old Policies revived during the Year. 




Whole-life policies 


4 


7,500 00 


Endowment policies ..... 


1 


5,000 00 


All other policies 


1 


500 00 


Total number and amount . . . 14,668 $33,390,395 00 


Policies ceased to be in Force during the Year. 




Terminated by death 


. 170 


$401,505 00 


by maturity ..... 


90 


140,787 00 


by expiry ..... 


453 


1,101,800 00 


by surrender ..... 


87 


213,824 00 


by lapse ..... 


218 


549,500 00 


by change and decrease 


- 


268,787 00 


Not taken 


254 
1,272 


573,000 00 


Total terminated 


$3,249,203 00 



Policies in Force Dec. 31, 1881, 



Whole-life policies . 
Endowment policies . 
All other policies 

Totals 



8,877 $21,380,028 00 
2,596 4,579,979 00 
1,923 4,181,185 00 



13,396 $30,141,192 00 



19 shares Springfield G as-Light Co. 

12 " Massasoit Paper Co. 
15 " Union Paper Co. 
30 " Cocheco Nat'l B'k, Dover, N.H 

425 " Hampden Paint and Chem. Co 
5 " New York, N. H., and H. R.R 
40 " Union Paper Co. . 

20 " Springfield Gas-Light Co. 
Kansas City, St. Jos., and C. B. R.R. bond 
50 shares Worthey Paper Co. . 
Chicago and Illinois River R.R. bonds 
Assignment of judgment 
843 shares Beebe and Holbrook Paper Co 

13 " Pynchon National Bank . 
5 " John Hancock National Bank 

Mortgages assigned .... 
8 shares Leicester National Bank 



Schedule A. 

Securities held as Collateral. 

Market value. 

$2,850 00 
1,800 00 
1,725 00 
3,000 00 
8,500 00 
860 00 
4,600 00 
3,000 00 
1,160 00 
7,500 00 

22,500 00 ? 

7,500 00 \ 

126,450 00 

2,210 001 

575 00 ! 



1,500 00 [ 
880 00 j 



y 



Amount loaned. 

$1,900 00 
1,000 00 
1,500 00 
2,400 00 
7,000 00 

700 00 
2,700 00 
1,000 00 

300 00 
3,000 00 

30,000 00 
50,000 00 

5,000 00 



1881.] 



INSURANCE COMPANIES. 



15 



120 shares Chicopee Water Co. 
Streator Gas- Light and Coke Co. bonds 
Kansas City, St. Jos. , and C. B. R.R. bonds 
25 shares New York, N. H., and H. R.R 
10 " Boston and Albany R.R. . 
Greenwood county (111. R.R.) bonds 
Springfield township (111. R.R.) bonds 
Douglas town (111. R.R.) bonds 
100 shares Cocheco National Bank . 
455 " Union Paper Manuf. Co. 
150 " Union Paper Manuf. Co. 
Kansas City, St. Jos., and C. B. R.R. bonds, 
Kansas City, St. Jos., and C. B. R.R. bonds, 



Market value. 

$13,200 00 
3,000 00 
12,760 00 
4,300 00 I 
1,640 00 I 
5,250 00 
3,300 00 
6,300 00 
10,000 00 
52,325 00 
17,250 00 > 
25,520 00 > 
44,080 00 



Amount loaned. 

$9,000 00 

2,000 00 

11,000 00 

3,000 00 

4,000 00 

3,000 00 

5,500 00 

10,000 00 

20,000 00 

32,500 00 
34,000 00 



$395,535 00 $240,500 00 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds .... $97,164 62 $100,000 00 

Springfield city bonds .... 2,942 00 3,000 00 

Cleveland city bonds .... 25,000 00 28,500 00 

Kansas City Water Co. bonds . . . 97,500 00 110,000 00 

Monmouth township (111.) bonds . . 24,375 00 26,250 00 

Kankakee township (111.) bonds . . 11,000 00 11,550 00 

Edwardsville township (111.) bonds . . 11,700 00 12,600 00 

Cass county (111) bonds . . . . 17,100 00 19,950 00 

White county (111.) bonds . . . 11,550 00 12,600 00 

Kankakee county (111.) bonds . . . 30,000 00 31,500 00 

Warren county (111.) bonds . . . 20,900 00 24,200 00 

Greenwood county (111.) bonds . . 20,000 00 21,000 00 

St. Joseph Water Co. bonds . . . 100,000 00 103,000 00 

Gallatin county (111 ) bonds . . . 24,750 00 26,250 00 

Omaha city (Neb.) water-works bonds . 75,000 00 77,250 00 

Douglas town bonds .... 20,00000 21,00000 

5 shares Agawam Nat'l B'k, Springf'd, 515 00 675 00 

20 " Pynchon Nat'l B'k, Springf'd, 1,975 00 3,400 00 

124 " First Nat'l Bank, Springfield . 13,850 00 19,220 00 

81 " Second Nat'l Bank, Springf'd . 9,930 00 13,608 00 

35 " Chicopee Nat'l B'k, Springf'd, 5,120 00 5,425 00 

17 " John Hancock N'l B'k, Sp'gf'd, 1,924 00 1,955 00 

100 " City Nat'l Bank, Springfield . 10,000 00 12,000 00 

24 " First Nat'l Bank, Chicopee . 2,586 00 3,960 00 
34 " First Nat'l B'k, Northampton, 3,455 50 4,420 00 
38 " Metropolitan Nat'l Bank, N.Y. 5,454 50 6,270 00 
15 " Eliot Nat'l Bank, Boston . 1,522 50 1,860 00 

25 " Webster Nat'l Bank, Boston . 2,625 00 2,800 00 
15 " Merchants' Nat'l B'k, Boston . 1,844 57 2,175 00 



16 



MASSACHUSETTS LIFE 



[Dec. 31, 



35 shares Nat'l B'k of Commerce, Boston . 
St. L., Alton, and Terre H'te R.R. bonds, 
Buffalo, New York, and Erie R.R. bonds, 
Burl., Cedar Rapids, and N. R R. bonds, 
Kansas and Nebraska R.R. mort. bonds . 
Kansas City, St Jos., and C. B. R.R. b'ds, 
Kansas Pacific Railroad bonds . 
Ind., Bloomington, and West. R.R. bonds, 
Syracuse, Binghamton, and N. Y. R.R. b'ds, 

Central Iowa R.R. Co 

Railway Equipment Company bonds 
Ohio and West Virginia Railroad bonds . 
Southern Central Railroad bonds 
Ohio Southern Railroad bonds . 
St. Johnsbury and L. Champ. R.R. b'ds, 
Interstate Imp't and Construe. Co. bonds, 
Union Pacific Short Line Railroad bonds . 
700 shares Boston and Albany R.R. 



100 
700 
700 
700 
400 
200 
70 
75 



New York, N. H., and H. R.R. 
N. Y. Cent, and H. R. R.R. . 
Union Pacific R.R. . 
Lake Shore and Mich. So. R.R. 
Albany and Susquehanna R.R. 
Chic, "Rock Isl'd, and P. R.R. 
Burl., C. Rapids, and N. R.R. 
Kansas and Nebraska R.R. 



Cost value. 

$3,500 00 

30,026 25 

21,000 00 

6,800 00 

7,000 00 

81,294 02 

24,823 49 

89,350 00 

50,000 00 

50,000 00 

16,250 20 

30,000 00 

45,750 00 

20,000 00 

30,000 00 

1,440 00 

1,200 00 

95,176 38 

15,324 50 

92,025 00 

84,200 00 

83,337 50 

50,112 50 

8,925 00 

2,200 00 

1,000 00 



Market value. 

$4,515 00 

36,540 00 

24,400 00 

8,000 00 

8,672 00 

104,400 00 

28,080 00 

99,150 00 

60,500 00 

58,000 00 

17,000 00 

34,200 00 

50,000 00 

22,800 00 

32,400 00 

7,200 00 

1,200 00 

114,800 00 

17,200 00 

91,700 00 

81,900 00 

80,500 00 

52,000 00 

26,500 00 

5,670 00 

1,875 00 



$1,590,518 53 $1,775,620 00 



NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY OF 

BOSTON. 

[Incorporated April 1, 1835. Commenced business Dec. 1, 1843.] 

Benjamin F. Stevens, President. Joseph M. Gibbens, Secretary. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company 
for rents of company's property 
for profit and loss account . 



Total income 
Net or ledger assets Dec. 31, 1880 

Total .... 



$1,703,044 30 

735,701 26 

30,944 42 

68,580 95 

13,702 53 

$2,551,973 46 

14,195,271 45 

$16,747,244 91 



1881.] 



INSURANCE COMPANIES. 



17 



Disbursements. 

Cash paid for losses and additions ..... $846,660 89 

Premium notes or loans used in payment of same . . 27,118 11 

Cash paid for matured endowments and additions . . 342,247 28 

Premium notes or loans used in payment of same . . 31,698 72 

Gross amount paid for losses and endowments . . $1,247,725 00 

Cash paid for surrendered policies ..... 101,600 85 

Premium notes or loans voided by lapse .... 62,120 54 
Cash distributions paid policy-holders, applied in payment 

of premiums 468,304 40 

Premium notes or loans used in payment of distributions, 73,471 25 

Total paid policy-holders $1,953,222 04 

Cash paid for commissions to agents .... 121,678 78 

for medical examiner's fees .... 8,345 95 

for salaries of officers and office employes . 77,883 24 

for taxes and fees 34,264 24 

for advertising 13,522 67 

for incidentals 122,803 31 

for premium on investments .... 12,048 70 



Total disbursements 



. $2,343,768 93 



Balance $14,403,475 98 

Invested in the following: — 



Assets as per Ledger Accounts. 
Cost value of real estate 

Loans on mortgage of real estate (first liens) . 
on collateral security (schedule A) 
on company's policies assigned as collateral . 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash deposited in bank ...... 

Quarterly and semi-annual premium notes 

Ledger assets (as per balance) .... 



$1,323,326 70 

1,909,900 00 

234,731 25 

6,000 00 

1,162,951 13 

8,830,461 41 

721,639 99 

214,465 50 

. $14,403,475 98 



Other Assets. 
Interest due and accrued .... 
Rents due and accrued .... 
Market value of stocks and bonds over cost 
Uncollected premiums on policies in force, 
Deduct loading (20 per cent) . 
Net am't uncollected and deferred prems. 

Total assets per company's books 
3 



$158,284 62 
31,656 92 



177,507 88 

12,334 35 

1,474,691 09 



126,627 70 



$16,194,637 00 



18 



MASSACHUSETTS LIFE 



[Dec. 31, 



Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent) . . . $13,263,797 00 

Death losses unpaid $119,117 00 

Matured endowments unpaid . . . 19,776 00 

Total policy claims .... 138,893 00 



Unpaid distributions of surplus due policy-holders 
Rent paid in advance 

Liabilities as to policy-holders . 
Surplus as regards policy-holders 

Gross liabilities 



101,896 40 
140 00 



. $13,504,726 40 
. 2,689,910 60 

. $16,194,637 00 



Premium Xote Account. 

Premium notes on hand Dec. 31, 1880 . $1,496,638 49 

received during 1881 . 402,604 10 

Total $1,899,242 59 

Used in payment of losses and claims . $58,816 83 

Voided by lapse 62,120 54 

Used in payment of dividends to policy- 
holders 73,471 25 

Redeemed by maker in cash . . . 327,417 34 

Total . . . . . . 521,825 96 

Balance note assets Dec. 31, 1881 .... $1,377,416 63 



Exhibit of Policies. 

Policies and Additions in Force Dec. 81, 1880. 



Whole-life policies 
Endowment policies 
All other policies 



Number. Amount. 

13,399 $41,892,382 00 
3,176 7,888,773 00 
2,426 6,367,472 00 



Whole-life policies 
Endowment policies 
All other policies 



New Policies issued in 1881. 



969 3,202,076 00 

911 2,756,709 00 

41 106,337 00 



Old Policies revived during the Year. 

Whole-life policies 63 

Endowment policies ...... 10 

Endowment policies increased during the year . 



220,000 00 

24,890 00 

1,600 00 



Total number and amount 



20,995 $62,460,239 00 



1881.] 



INSURANCE COMPANIES. 



19 



Policies ceased to be in Force during the Year. 

Terminated by death 

by maturity . 

by expiry 

by surrender . 

by lapse 

by change and decrease 
Not taken ..... 



Total terminated 



Number. 


Amount. 


. 279 


$900,487 00 


. 157 


363,822 00 


1 


5,000 00 


. 135 


416,776 00 


. 817 


2,282,300 00 


. 


14,774 00 


. 206 


675,500 00 



1,595 $4,658,659 00 



Policies in Force Dec. 31, 1881. 



Whole-life policies , 
Endowment policies 
All other policies 

Totals 



Number. Amount. 

13,446 $42,242,978 00 
3,696 9,666,893 00 
2,258 5,891,709 00 



19,400 $57,801,580 00 



Schedule A. 



Securities held as Collateral. 

Market value. 

$19,050 00 

5,212 50 

2,200 00 

63,000 00 



150 shares Worcester National Bank 

United States bonds . . . 

20 shares Boston Safe Dep. and T. Co. 

14 certificates Huntington Avenue lands 

109 shares Glendon Iron Co. . 

United States bond .... 

Lawrence water loan 

300 shares Atch., Top., and Santa Fe R.R 

300 " Third National Bank 

600 " proprietors Revere House stock, 

750 ' ' Atch. , Top. , and Santa Fe R.R 

12 " Freeman's National Bank 
Atch., Top., and Santa Fe R.R. bonds 
United States bonds 

75 shares Atch., Top., and Santa Fe R.R 
United States bonds 



9,810 00 

1,175 00 

1,200 00 

28,425 00 

31,500 00 

69,000 00 

71,062 50 

1,416 00 

11,700 00 

1,175 00 

7,106 25 

2,350 00 



Amount loaned. 

$15,000 00 
5,500 00 

42,000 00 

6,000 00 

1,000 00 

1,000 00 

20,000 00 

28,000 00 

50,000 00 

47,231 25 

1,000 00 

10,000 00 

1,000 00 

5,000 00 

2,000 00 



$325,382 25 $234,731 25 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

72 shares Atlantic National Bank . .. $7,10100 



100 " Bay State National Bank 

333 " Boston National Bank . 

100 " Continental National Bank 

50 " First Nat'l Bank, Cambridge 



7,500 00 
33,300 00 
10,000 00 

5,000 00 



Market value. 

$11,016 00 

8,250 00 

38,877 75 

11,500 00 

8,250 00 



20 



MASSACHUSETTS LIFE 



[Dec. 31, 



21 shares Massachusetts Nat'l Bank 
91 " Merchants' National Bank 
107 " National City Bank of Lynn 
150 " National Revere Bank . 
150 " Nat'l Hide and Leather B'k 
240 " Eagle National Bank . 
120 " State National Bank . 
320 " Tremont National Bank 
200 " National Webster Bank 
250 " Boston Safe Dep. and T. Co 
250 " Merchandise National Bank 
100 " Third National Bank . 
100 " Globe National Bank . 
744 " Boston and Albany Railroad 
300 " Boston and Providence R.R 

1,056 " Chic , Burl., and Quincy R.R 
S00 " Conn, and Passumpsic R.R 
150 " Fitchburg Railroad 
150 " New York, N.H., and H. R.R 
850 " Norwich and Worcester R.R 
100 " Northern Railroad 
200 " Connecticut River Railroad 
242 " Chicago and Alton Railroad 
200 " Port., Saco, and Ports. R.R 
105 " Eastern Railroad of N.H. 

Eastern Railroad bonds . 

Phila., Wil., and Baltimore R.R. bonds 

Agricultural Branch Railroad bonds 

Michigan Central Railroad bonds 

Boston, Concord, and Montreal R.R. b'ds 

Chicago, Burl., and Quincy R.R. bonds 

Worcester and Nashua R.R. bonds . 

New Haven and Derby Railroad bonds 

Nashua and Rochester Railroad bonds 

Albany city loan 

Boston city loan 

Charlestown city loan 

Chicago sewerage loan 

New Hampshire state loan 

Hartford city loan . 

Chelsea city loan 

Lawrence city loan . 

Lynn city loan 

utchusetts slate loan . 

Rhode bland state loan . 

Cincinnati city loan . 

Beverly town loan 

Worcester water loan 



Cost value. 


Market value. 


$5,250 


00 


86,300 00 


9,100 


00 


12,922 00 


10,716 


67 


17,655 00 


15,000 


00 


18,000 00 


15,000 


00 


17,700 00 


24,000 


00 


28,260 00 


10,273 


10 


14,880 00 


31,951 


25 


39,360 00 


20,000 


00 


22,600 00 


25,000 00 


27,500 00 


25,000 


00 


27,750 00 


10,000 


00 


10,700 00 


10,000 


00 


10,800 00 


74,400 


00 


122,016 00 


29,950 


00 


45,900 00 


105,600 


00 


143,616 00 


36,000 


00 


72,000 00 


14,752 


00 


20,850 00 


15,000 


00 


25,500 00 


84,925 


25 


132,600 00 


10,000 


00 


10,500 00 


20,000 


00 


33,800 00 


24,200 


00 


32^428 00 


20,000 


00 


23,200 00 


3,150 


00 


10,080 00 


145,332 78 


288,750 00 


193,871 


67 


214,100 00 


14,895 


00 


18,180 00 


73,000 


00 


84,497 50 


, 500,000 


00 


590,000 00 


120,000 00 


151,800 00 


75,000 


00 


76,125 00 


14,250 


00 


18,750 00 


116,191 


66 


125,000 00 


23,256 


00 


29,040 00 


715,736 


12 


816,647 50 


75,000 00 


75,750 00 


70,350 00 


90,000 00 


26,000 


00 


31,980 00 


100,000 


00 


118,000 00 


216,504 


17 


262,280 00 


186,210 


83 


222,090 00 


226,000 


00 


248,660 00 


124,172 


35 


144,710 00 


60,000 


00 


72,500 00 


95,000 00 


114,000 00 


150,000 


00 


158,500 00 


110,000 


00 


128,400 00 



1881.] 



INSURANCE COMPANIES. 



21 



Lowell city loan 

Brookline town loan 

Somerville city loan . 

Fitchburg city loan . 

Springfield city loan 

Providence city loan 

Loan to Providence and Worcester R.R. 

Norwich loan . 

Meriden loan . 

Fall River loan 

Cambridge loan 

Maine loan 

Holyoke loan . 

Newton loan . 

Haverhill loan . 

New York loan 

New England Mort. 

New Bedford loan 

Salem loan 

Taunton loan . 

Norwalk loan . 

Lewiston loan . 

Pawtucket loan 

Boston and Lowell Railroad loan 

Loan to Mass. Loan and Trust Co. 
to Fifty Associates . 
to American Loan and Trust Co. 
to Fitchburg Railroad 
to Boston and Maine Railroad 
to Hoosac Tunnel D. and E. Co. 

55 shares Boston Gas-Light Company 
5 " Dwight Manufacturing Co. 
5 " Massachusetts Cotton Mills 

United States bonds 



Security Co. bonds 



Cost value. 

1,533 33 

475,100 00 

70,000 00 

125,485 17 

126,000 00 

146,403 06 

100,000 00 

94,000 00 

100,000 00 

203,000 00 

2,000 00 

11,500 00 

5,000-00 

70,000 00 

5,000 00 

300,000 00 

100,000 00 

10,000 00 

10,000 00 

39,000 00 

50,000 00 

100,000 00 

150,000 00 

50,000 00 

100,000 00 

100,000 00 

400,000 00 

160,000 00 

100,000 00 

350,000 00 

27,500 00 

5,000 00 

5,000 00 

1,041,000 00 



Market value. 

$67,260 00 

524,193 00 

70,500 00 

158,865 00 

167,580 00 

164,850 00 

102,500 00 

120,820 00 

118,000 00 

234,205 00 

2,000 00 

12,620 00 

5,600 00 

87,800 00 

5,700 00 

363,000 00 

103,000 00 

11,200 00 

11,000 00 

47,190 00 

54,500 00 

115,500 00 

167,250 00 

50,000 00 

100,000 00 

100,000 00 

400,000 00 

160,000 00 

100,000 00 

350,000 00 

43,450 00 

4,000 00 

7,000 00 

1,195,998 75 



1,830,461 41 $10,305,152 50 



STATE MUTUAL LIFE ASSURANCE COMPANY OF 

WORCESTER. 

[Incorporated March 16, 1844. Commenced business June 1, 1845.] 

Philip L. Moen, President. Clarendon Harris, Secretary.^ 

Income. 

Total premium income $330,680 65 

Cash received for interest on stocks, bonds, and loans . 128,731 90 



Total income 
Net or ledger assets Dec. 31, 1880 

Total .... 



$459,412 55 
2,588,131 35 

$3,047,543 90 



22 



MASSACHUSETTS LIFE 



[Dec. 31, 



Disbursements. 
Cash paid for losses and additions .... 
for matured endowments and additions . 

Gross amount paid for losses and endowments . 
Cash paid for surrendered policies .... 

dividends paid policy-holders, applied in payment of 
premiums . 

Total paid policy-holders 

Cash paid for commissions to agents 

for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries and incidentals 

for taxes and fees 

for rent 

for loss on Wiscasset town note 

Total disbursements 



Balance 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate 

Loans on mortgage of real estate (first liens) . 

on collateral security (schedule £) 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash deposited in bank ...... 

Ledger assets (as per balance) .... 

Other Assets. 
Interest due and accrued ....... 

Market value of stocks and bonds over cost 

Total assets per company's books .... 

Liabilities. 
Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . 
Death losses and matured endowments in 

process of adjustment .... $29,000 00 
Claims resisted by the company . . 17,000 00 

Total policy claims .... 

Unpaid dividends of surplus due policy-holders 

Liabilities as to policy-holders ..... 
Surplus as regards policy-holders ..... 

GlOM liabilities 



$124,421 53 

47,000 00 

$171,421 53 

8,863 57 

88,183 80 

$268,468 90 

28,722 27 

2,032 74 

1,496 00 

23,904 72 
5,015 00 

1,500 00 

5,145 00 

$336,284 63 

$2,711,259 27 



$50,000 00 

126,735 00 

1,900 00 

25,679 63 

2,211,837 95 

295,106 69 

$2,711,259 27 



12,000 00 
248,251 94 

$2,971,511 21 



$2,273,999 00 



46,000 00 
2,408 59 

$2,322,407 59 
649,103 62 

$2,971,511 21 



1881.] 



INSURANCE COMPANIES. 



23 



Premium Note Account. 



Premium notes on hand Dec. 31, 1880 
received during 1881 

Total 

Redeemed by maker in cash 

Balance note assets Dec. 31, 1881 



$21,392 07 
49,496 07 



$70,888 14 
45,208 51 

$25,679 63 



Exhibit of Policies. 



Policies and Additions in Force Dec. 31, 1880. 

Number. Amount. 

Whole-life policies 3,766 $8,101,615 00 

Endowment policies ...... 965 2,011,320 00 

Reversionary additions 



New Policies issued in 1881. 



Whole-life policies . 
Endowment policies 



— 


174,215 00 


192 


574,000 00 


182 


524,500 00 



Total number and amount 



5,105 $11,385,650 00 



Policies ceased to be in Force during the Year. 
Terminated by death 

by maturity 
by surrender 
by lapse 

Total terminated 



Policies in Force Dec. 31, 1881. 



Whole-life policies . 
Endowment policies 
Reversionary additions 

Totals 



60 

24 

22 

154 


$137,921 00 

47,000 00 

57,500 00 

323,500 00 


260 

3,756 
1,089 


$565,921 00 

$8,243,015 00 

2,407,820 00 

168,894 00 



4,845 $10,819,729 00 



19 shares Quinsigamond National Bank 



Schedule A. 

Securities held as Collateral. 

Market value. 

$2,280 00 



Amount loaned. 

$1,900 00 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds .... $533,485 46 $571,571 25 

Boston and Albany Railroad bonds . . 125,365 00 143,990 00 

Worcester and Nashua Railroad bonds . 101,500 00 101,500 00 

Providence and Worcester Railroad bonds, 206,000 00 260,000 00 

Providence and Worcester Railroad note . 100,000 00 100,000 00 

Portland city bonds 28,841 49 34,200 00 



24 



MASSACHUSETTS LIFE 



[Dec. 31, 



Springfield city bonds 
Cambridge city bonds 
Meriden city bonds . 
Bangor city bonds . 
Lawrence city bonds 
Xewtou city bonds . 
Newbury port city bonds . 
Lowell city bonds 
Portsmouth city bonds 
Dover city bonds 
"Worcester city bonds 
Providence city bonds 
Boston city bonds 
Lynn city bonds 
Northampton town bonds 
Meriden town bonds 
Holyoke town bonds 
Pawtucket town bonds 
Brookline town bonds 
Upton town bonds . 
Amesbury town bonds 
Medway town bonds 
Winthrop town bonds 
West Springfield town bonds 
Berlin town bonds . 
Grafton town bonds 
Rutland town bonds 
Guilford town bonds 
Clinton town bonds . 
Beverly town bonds . 
100 shares Third Nat'l Bank, 



Springfield 

al Bank 
onal Bank 



50 " Westminster Natioi 

20 " Northborough Nat 

25 " Wachusett National Bank 

50 " Leicester National Bank . 

80 " Millbury National Bank . 

79 " Grafton National Bank . 

40 " City Nat'l Bank, Worcester 

187 " Quinsigamond National Bank 

35 " Worcester National Bank 

25 " Central National Bank . 

100 ' ' Continental Nat'l Bank, Boston 

67 " Shawmut Nat'l Bank, Boston 

167 " Howard Nat'l Bank, Boston 

50 " First National Bank, Boston 

26 " Suffolk National Bank, Boston 
40 " Eliot National Bank, Boston 
07 " Revere National Bank, Boston 



Cost value. 

$128,445 00 
14,642 50 
25,700 00 
26,375 00 
75,000 00 
26,750 00 
6,300 00 
60,500 00 
19,260 00 
24,610 00 
86,600 00 
25,875 00 
75,125 00 
35,500 00 
23,500 00 
17,085 00 
11,200 00 
26,750 00 
20,000 00 
4,160 00 
10,400 00 
10,350 00 
10,200 00 
12,625 00 
10,000 00 
10,000 00 
6,000 00 
8,000 00 
40,000 00 
50,000 00 
10,000 00 
5,000 00 
2,000 00 
2,500 00 
5,525 00 
8,000 00 
7,900 00 
4,000 00 
18,790 00 
4,900 00 
2,500 00 
10,012 50 
6,725 00 
17,115 50 
5,000 00 
3,350 00 
4,075 50 
6,756 25 



Market value. 

$163,420 00 
18,600 00 
27,500 00 
30,500 00 
90,000 00 
32,000 00 
6,840 00 
63,888 89 
21,240 00 
25,300 00 
91,200 00 
28,000 00 
78,000 00 
36,000 00 
28,500 00 
17,085 00 
11,500 00 
27,000 00 
26,400 00 
4,160 00 
10,400 00 
10,350 00 
10,200 00 
12,625 00 
10,000 00 
10,000 00 
6,000 00 
8,000 00 
41,400 00 
51,375 00 
16,000 00 
5,000 00 
2,240 00 
4,375 00 
5,750 00 
9,440 00 
9,322 00 
4,600 00 
22,440 00 
4,375 00 
3,375 00 
11,750 00 
8,056 75 
20,541 00 
10,450 00 
3,000 00 
4,980 00 
7,839 00 



1881.] 



INSURANCE COMPANIES. 



25 







Cost value. 


Market value. 


75 shares Republic National Bank . 


$7,562 50 


$9,375 00 


115 * 


1 Redemption National Bank 


15,985 00 


15,755 00 


100 ■ 


' Tremont National Bank . 


13,300 00 


11,900 00 


50 ' 


' Webster National Bank . 


5,275 00 


5,612 50 


112 ' 


* Hide and Leather Nat'l Bank 


11,575 00 


12,796 00 


190 ■ 


1 Atlantic National Bank . 


24,723 75 


29,250 00 


90 « 


1 Adams National Bank 


13,122 50 


13,122 50 



$2,211,837 95 $2,460,089 89 



LIFE INSURANCE COMPANIES 

OF OTHER STATES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1881. 



28 



LIFE INSURANCE COMPANIES [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



^ETNA LIFE INSURANCE COMPANY OF HARTFORD, CONN. 

[Incorporated 1820. Commenced business 1850.] 

Paid-up Capital, $750,000. 

Morgan G. Bulkeley, President. Joel L. English, Secretary. 



Income. 

Total premium income $2,388,941 72 

Cash received for interest on stocks, bonds, and loans . 1,346,452 97 

for interest on other debts due the company, 86,941 83 

as discount on claims paid in advance . 9,989 05 

Total income $3,832,325 57 

Net or ledger assets Dec. 31, 1880 25,227,060 28 



Total 



$29,059,385 85 



Disbursements. 

Cash paid for losses and additions .... 
Premium notes or loans used in payment of same . 
Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same . 

Gross amount paid for losses and endowments . 
Received for losses and claims on policies re-insured 

Net amount paid for losses and endowments 
Cash paid for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse .... 

Cash surrender values, including reconverted additions 
applied in payment of premiums . 
dividends paid policy-holders .... 
Premium notes or loans used in payment of dividends 

Total paid policy-holders 



$1,138,900 83 

92,779 53 

681,326 94 

42,738 32 

$1,955,745 62 
10,980 00 

$1,944,765 62 
30,380 66 

44,787 28 

148,030 76 
337,056 94 
163,477 78 

$2,668,499 04 



1881.] 



OF OTHER STATES. 



29 



Cash paid for dividends to stockholders . 
for commissions to agents 
for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 

for taxes and fees 

for rent ....... 

for furniture and office fixtures 

for advertising ..... 

for incidentals ...... 

Total disbursements ...... 



Balance $25,777,707 99 



$75,000 00 

239,288 69 

13,841 21 

14,672 72 

56,699 51 

133,503 48 

8,677 20 

38 20 

7,974 58 

63,483 23 

$3,281,677 86 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate 

Loans on mortgage of real estate (first liens) . 
on collateral security (schedule A) 
on company's policies assigned as collateral . 

Premium notes (including cash notes taken for premiums) 

Cost value of stocks and bonds owned (schedule B) 

Cash in company's office . 
deposited in bank . 

Bills receivable 

Agents' ledger balances . 

Ledger assets (as per balance) 



$543,473 71 

9,539,672 54 

662,429 31 

173,628 74 

2,475,888 96 

8,521,908 07 

49,640 04 

3,779,574 14 

23,634 75 

7,857 73 

■ ■ 

^25,777,707 99 



Other Assets. 

Interest due and accrued .... 
Market value of stocks and bonds over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force 

Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 



*,606 82 
120,722 78 

$189,329 60 
37,865 92 



441,049 49 

647,797 68 



151,463 68 

. $27,018,018 84 



Items not admitted. 



Agents' balances 
Bills receivable 
Total 

Total admitted assets 



$7,857 73 
23,634 75 



31,492 48 

. $26 v 986,526 36 



30 LIFE INSURANCE COMPANIES [Dec. 31, 

Liabilities. 
Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . . . $22,440,116 00 
Deduct net value of re-insured risks 

Net re-insurance reserve . 

Death losses due and unpaid . 

Matured endowments due and unpaid 

Death losses and matured endowments in 
process of adjustment . 

Claims resisted by the company- 
Total policy claims . 



77,379 00 

. $22,362,737 00 
$50,580 95 
42,365 00 

179,963 00 
35,679 10 



308,588 05 

Unpaid dividends of surplus due policy-holders . . 86,148 49 

Liabilities as to policy-holders $22,757,473 54 

Surplus as regards special policy-holders . $260,000 00 
as regards general policy-holders . 3,969,052 82 
Gross surplus as regards policy-holders, 4,229,052 82 

Gross liabilities $26,986,526 36 

Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $2,660,228 23 

received during 1881 . 161,831 26 

Total $2,822,059 49 

Used in payment of losses and claims . $135,517 85 
of surrendered policies, 

and voided by lapse . 44,787 28 
of dividends to policy- 
holders . . . 163,477 78 
Redeemed by maker in cash . . . 17,851 84 

Total 361,634 75 



Balance note assets Dec. 31, 1881 .... $2,460,424 74 

Exhibit of Policies. 

Policies and Additions in Force Dec. SI, 1880. 

Number. Amount. 

Whole-life policies 35,760 $52,982,131 00 

Endowment policies 17,772 17,470,442 00 

All other policies 3,119 7,499,246 00 



New Policies issued in 1881. 




Whole-life policies 2,221 


3,547,981 00 


Endowment policies ..... 9 1,682 


2.831,251 00 


All other policies 850 


1,827,988 00 


Old Policies revived during the Year. 




Whole-life policies 20 


$50,943 00 


Endowment policies ...... 3 


28,101 00 


All other policies 9 


7,106 00 



Total number and amount . . . 61,436 $86,245,189 00 



1881.] 



OF OTHER STATES. 



31 



Policies ceased to be in Force during the Year. 



Terminated by death 

by maturity . 
by expiry 
by surrender . 
by lapse 

Not taken 

Total terminated 



Policies in Force Dec. 31, 1881. 

Whole-life policies 36,132 $53,195,163 00 

Endowment policies 17,958 18,605,761 00 

All other policies 3,474 7,971,501 00 



Number 


Amount. 


. 714 


$1,190,742 00 


. 732 


744,361 00 


. 35 


106,800 00 


. 661 


1,195,640 00 


. 927 


1,828,758 00 


. 803 


1,406,463 00 


3,872 


$6,472,764 00 



Totals 



57,564 $79,772,425 00 



Schedule A. 

Securities held as Collateral. 

Market value. Amount loaned. 

125 shares United States Trust Co. . $12,500 00 

300 " Willimantic Linen Co. . 30,000 00 

80 " ^Etna Fire Insurance Co. . 19,200 00 

25 " Hartford Carpet Co. . . 6,750 00 \- $52,700 00 

100 " Hart. City Coal and Salt Co. 2,000 00 

13 " United States Trust Co. . 1,300 00 

44 " iEtna Fire Insurance Co. . 10,560 00 J 

400 " Willimantic Linen Co. . . 40,000 00 1 

50 " Hartford Carpet Co. . ' . 13,500 00 | 

40 " .Etna Fire Insurance Co. . 9,600 00 } 

150 " United States Trust Co. . 15,000 00 j 

25 " iEtna Fire Insurance Co. . 6,000 00 J 

54 " .Etna Fire Insurance Co. . 12,960 00 > 

30 " Hartford Carpet Co. . . 8,100 00) 

300 " Willimantic Linen Co. . 30,000 00 

85 " Union Salt Co. . . . 34,000 00 

79 " Travelers' Insurance Co. . 18,960 00 
77 " N. Y., N. H., andH. R.R. . 12,705 00 

156 " iEtna Fire Insurance Co. . 37,440 00 

1,300 " Wheeler & Wilson M'f'g Co. 97,500 00 ) 

200 " Willimantic Linen Co. . . 20,000 00 > 

161 " Willimantic Linen Co. . . 16,100 00 
50 " United States Trust Co. . 5,000 00 > 
10 " Orient Fire Insurance Co. . 1,150 00 > 
16 " Central N'lB'k,Middletown, 1,600 00 
40 " Hartford Carpet Co. . . 10,800 00 

162 " ^Etna Fire Insurance Co. . 38,880 00 
100 " Orient Fire Insurance Co. . 11,500 00 } 

80 " Connecticut Fire Ins. Co. . 10,000 00 ) 



58,363 31 



9,400 00 

6,000 00 
25,000 00 
11,000 00 

6,850 00 
15,000 00 

90,000 00 

8,000 00 
4,000 00 

1,200 00 

8,000 00 

25,000 00 

16,000 00 



32 



LIFE INSURANCE COMPANIES [Dec. 31, 



10 shares Phoenix Fire Insurance Co. 
121 u Guelph Gas Company: 
330 " Hartford City Gas-Light Co. 
100 " Lake Shore Railroad 
800 «« N". Y. Cent, and H. R. R.R. 
United States bonds 
Little Rock, Mississippi River, and Texas 

Railroad bonds .... 
Dayton town bonds .... 
Mount Pulaski town bonds 
Beardstown city bonds 
Assignment of mortgage . 



Market value. 

$2,100 00 

2,480 00 

8,250 00 

11,400 00 

105,600 00 



Amount loaned. 

$736 00 
1,100 00 
6,000 00 

90,000 00 



220,000 00 200,000 00 



30,000 00 

1,000 00 

1,000 00 

1,500 00 

400 00 



25,000 00 

2,680 00 

400 00 



$916,835 00 $662,429 31 



Schedule B. 
Stocks and Bonds owned by the 

235 shares Connecticut Riv. Banking Co 



75 " Metropolitan Bank 
918 " Phoenix National Bank 
400 " Mercantile National Bank 
560 " City National Bank 
750 " Hartford National Bank 
739 " First National Bank . 
1,552 " National Exchange Bank 
1,608 " American National Bank 
565 " Farmers' and Mechanics 

National Bank . 
133 " Suffield National Bank . 
250 " New Britain National Bank 
836 " Charter Oak National Bank 
700 " JEtnn National Bank . 
200 " Hartford Trust Company 

50 " United States Trust Co. 
200 " Rockville National Bank 
100 " Security Company 
United States bonds 
District of Columbia bonds 
368 shares Connecticut River Railroad 

84 " JEtna Fire Insurance Co. 
955 " N. Y., N. H., and H. R.R. 
Indianapolis and Cincinnati R.R. bonds 
Columbus and Indianapolis R.R. bonds 
Cincinnati and Indiana Railroad bonds 
Cleveland, Painesville, and Ash. R.R. b'ds, 
St. Johosbury and L. Champ. R.R. b'ds, 
Little Miami Railroad bonds . 



Company. 
Cost value. 

$20,365 00 
10,312 50 

124,285 50 
42,885 25 
60,900 75 

107,720 25 
92,060 66 
93,729 80 
93,576 87 

102,462 25 
15,100 00 
28,450 00 
97,572 25 
79,969 46 
20,825 00 
5,262 50 
20,000 00 
10,000 00 

962,675 00 

217,126 38 
39,372 25 
19,236 68 

140,051 75 
47,380 00 
45,000 00 
20,675 00 
13,671 25 

105,000 00 
890 00 



Market value. 

$12,925 00 
12,000 00 

146,880.00 
50,000 00 
53,200 00 

120,000 00 
88,680 00 

116,400 00 

112,560 00 

70,625 00 
13,965 00 
31,250 00 

108,680 00 
87,500 00 
20,000 00 
5,000 00 
22,000 00 
11,000 00 
1,067,800 00 

300,000 00 
58,880 00 
20,160 00 

157,575 00 
50,000 00 
52,500 00 
24,000 00 
14.000 00 

108,000 00 
1,000 00 



1881.] 



OF OTHER STATES. 



33 



New York Central Railroad bonds . 
Union Pacific Railroad bonds . 
Harlem and Port Chester Railroad bonds 
N.Y. Central and H. R. Railroad bonds 
Keokuk and Des Moines Railroad bonds 
Cleveland and Pittsburg Railroad bonds 
Atlantic Dock bonds 
Chicago, Mil., and St. Paul R.R. bonds 
Vermont Valley Railroad bonds 
South Carolina state bonds 
Virginia state bonds 
Tennessee state bonds 
Mississippi state bonds 
Kansas state bonds . 
Terre Haute city bonds 
Richmond city bonds 
Galesburg city bonds 
Mobile city bonds . 
Hartford city bonds . 
Cleveland city bonds 
Louisville city bonds 
Kansas city bonds . 
New Britain city bonds 
Chicago water loan . 
Springfield city bonds 
Elizabeth city bonds 
Grand Rapids city bonds 
Hartford city bonds 
Peoria city bonds 
Beardstown city bonds 
New Boston city bonds 
Cleveland city bonds 
Jersey City city bonds 
Newark city bonds . 
Buffalo water bonds 
Fort Wayne city bonds 
Indianapolis city bonds 
Quincy city bonds . 
Milwaukee city bonds 
Cincinnati city bonds 
New York city bonds 
Hartford city bonds . 
Logansport city bonds 
Marion city bonds . 
St. Paul city bonds . 
Burlington city bonds 
Webster city bonds . 
Edgar county bonds 
5 



Cost value. 

$3,810 00 
30,690 00 
99,500 00 

100,000 00 

22,033 20 

747 50 

25,000 00 

25,000 00 

150,750 00 
26,545 00 
23,357 94 
31.301 00 
10,000 00 
99,750 00 
31,400 00 
20,500 00 
20,545 00 

142,000 00 

368,310 00 

181,230 00 
89,750 00 
90,500 00 

130,689 00 
50,000 00 
82,405 00 

128,580 00 

5,581 83 

13,710 00 

100,200 00 

2,980 00 

9,750 00 

52,390 00 

122,900 00 

172,015 00 
99,750 00 
40 305 00 

487,570 00 
37,564 00 
97,500 00 

100,000 00 

104,000 00 
4,151 75 
61,200 00 
8,642 50 
52,350 00 
41,612 00 
20.000 00 
53,600 00 



Market value. 

$4,000 00 

34,500 00 

125,000 00 

130,000 00 

19,520 00 

1,100 00 

25,000 00 

26,250 00 

154,500 00 

34,630 00 

19,200 00 

11,900 00 

10,000 00 

110,000 00 

38,850 00 

25,500 00 

20,545 00 

71,000 00 

420,310 00 

216,600 00 

110,000 00 

105,000 00 

143,000 00 

55,000 00 

86,000 00 

57,600 00 

10,000 00 

14,700 00 

114,480 00 

4,500 00 

9,750 00 

57,200 00 

137,800 00 

200,100 00 

120,000 00 

51,000 00 

525,000 00 

50,000 00 

110,000, 00 

125,000 00 

125,000 00 

4,000 00 

61,200 00 

8,642 50 

63,000 00 

40,400 00 

20,000 00 

67,000 00 



34 



LIFE INSURANCE COMPANIES [Dec. 31, 



Warren county bonds 
Marion county bonds 
Blackford county bonds 
Carroll county bonds 
Hamilton county bonds 
Munroe county bonds 
Ford county bonds . 
Adams county bonds 
Christian county bonds 
Cook county bonds . 
Sangamon county bonds 
Kankakee county bonds 
Macoupin county bonds 
Sangamon county bonds 
"White county bonds 
Gallatin county bonds 
Moultrie county bonds 
Randolph county bonds 
De "Witt county bonds 
Hudson (N.J.) county bonds 
Iroquois county bonds 
Ramsey county bonds 
Marion county bonds 
Tazewell county bonds 
Paris town bonds 
Georgetown town bonds 
Elwood town bonds . 
Brooklyn town bonds 
Mount Pulaski town bonds 
Grant town bonds . 
Perm town bonds 
Moline town bonds . 
Edgewood town bonds 
"West Hartford town bonds 
Rock Island town bonds 
Lenox town bonds . 
Danbury town bonds 
"Woodland town bonds 
Browning town bonds 
Bus'hnell town bonds 
Ricks town bonds 
Mattoon town bonds 
Winchester town bonds 
Galva town bonds 
Keithftburg town bonds 
De Witt town bonds 
Ross town bonds 
Aurora town bonds . 



Cost value. 

§930 00 
99,500 00 
21,000 00 
43,000 00 

7,400 00 
35,000 00 
80,000 00 
37,937 50 
34,250 00 
22,750 00 
39,250 00 
24,687 50 
43,400 00 
46,000 00 
10,860 00 
10,400 00 
45,240 00 
51,330 00 
30,850 00 
49,843 75 
39,221 50 
32,000 00 
200,250 00 
50,000 00 
12,000 00 
30,000 00 
32,000 00 
47,750 00 
30,000 00 
20,453 22 
18,525 00 
19,750 00 
10,000 00 
12,000 00 
34,125 00 

8,400 00 

6,050 00 
500 00 

3,500 00 
40.800 00 

0,9S0 00 
20,250 00 

4,000 00 
14,700 00 
23,000 00 

9,950 00 
28,802 70 

2,860 00 



Market value. 

$930 00 

105,000 00 

21,000 00 

43,000 00 

7,770 00 
40,000 00 
82,400 00 
50,000 00 
35,000 00 
28,750 00 
43,200 00 
24,687 50 
21,700 00 
54,000 00 
10,860 00 
10,400 00 
45,240 00 
51,330 00 
31,500 00 
54,000 00 
40,950 00 
33,600 00 
210,000 00 
50,000 00 
12,000 00 
30,000 00 
32,000 00 
47,750 00 
30,000 00 
20,453 22 
18,525 00 
19,750 00 

5,000 00 
12,000 00 
40.000 00 
10,000 00 

7,000 00 
500 00 

3,500 00 
40,800 00 

8,000 00 
27,000 00 

5,000 00 
15,000 00 
23,000 00 
10,000 00 
28,802 70 

2,860 00 



1881.] 



OF OTHER STATES. 



35 



Evans town bonds . 
East Windsor town bonds 
Urbana town bonds . 
Sprague town bonds 
Brooklyn city bonds 
Province of Quebec bonds 
Bloomfield town bonds 
Champaign township bonds 
Worth township bonds . 
Sangamon town bonds 
Pleasant township bonds . 
Boone township bonds 
Marcus School District bonds 
Creek township bonds 
Creston school bonds 
Spring Creek bonds 
Parish union school bonds 
First School District, Hartford 
Cedar Rapids school bonds 
Red Oak school bonds 



bonds 



Cost value. 

$2,895 00 
29,700 00 

8,000 00 
40,133 33 
307,500 00 
25,187 50 
40,824 00 
30,000 00 

9,000 00 
15,000 00 
35,350 00 
13,000 00 

3,000 00 
30,000 00 
27,000 00 

5,000 00 
17,000 00 
19,000 00 
57,000 00 

6,500 00 



Market va'ue. 

$2,895 00 
31,200 00 

8,000 00 
40,133 33 
300,000 00 
25,187 50 
40,824 00 
30,000 00 

9,000 00 
15,000 00 
35,350 00 
13,000 00 

3,000 00 
30,000 00 
27,000 00 

5,000 00 
17,000 00 
19,000 00 
57,000 00 

6,500 00 



1,521,908 07 $9,169,705 75 



CONNECTICUT GENERAL LIFE INSURANCE COMPANY OF 

HARTFORD, CONN. 

[Incorporated June, 1865. Commenced business October, 1865.] 

Paid-up Capital, $150,000. 

Thomas W. Russell, President. Frederick V. Hudson, Secretary. 

Income. 

Total premium income $143,825 60 

Cash received for interest on stocks, bonds, and loans . 62,495 45 

as discount and rents 6,112 02 

Total income $212,433 07 

Net or ledger assets Dec. 31, 1880 1,284,588 23 

Total $1,497,021 30 

Disbursements. 

Cash paid for losses $73,390 61 

for matured endowments 23,344 50 

4 — — —— 

Gross amount paid for losses and endowments . . $96,735 11 

Cash paid for surrendered policies ..... 5,335 62 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse 3,189 80 



36 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash surrender values, applied in payment of premiums . 
dividends paid policy-holders, $303.29; applied in 
payment of premiums, $2,343.92 
Premium notes or loans used in payment of dividends 

Total paid policy-holders 

Cash paid for dividends to stockholders . 
for commissions to agents 
for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 

for taxes and fees 

for advertising, printing, etc. . 

for legal expenses ..... 

for profit and loss account 

Total disbursements 



Balance 



$4,892 35 

2,647 21 

2,823 77 

$115,623 86 
12,000 00 

9,753 50 
14,287 25 

1,504 75 
14,815 87 

5,998 14 

5,961 48 
260 95 

1,840 94 

$182,046 74 
$1,314,974 56 



Invested in the following: — 

Assets as per Ledger Accounts. 
Cost value of real estate .... 
Loans on mortgage of real estate (first liens) 

on collateral security (schedule A) 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office 
deposited in bank 
Bills receivable 
Agents' ledger balances 
Non-resident tax 

Ledger assets (as per balance) 
Deduct depreciation from cost of assets 

Total net or ledger assets . 



$317,540 37 

528,668 09 

3,950 00 

103,770 91 

331,175 57 

2,212 87 

25,093 69 

1,098 37 

1,168 05 

296 64 

$1,314,974 56 
35,945 37 

$1,279,029 19 



Other Assets. 

Interest due and accrued .... 
Market value of stocks and bonds over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force 

Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 



$7,438 11 

15,023 90 

£2,462 01 

4,492 40 



$24,996 28 
23,613 43 



17,969 61 
,345,608 51 



1881.] OF OTHER STATES. 

Items not admitted. 

Agents' balances 

Bills receivable ..... 

Total ...... 

Total admitted assets 

Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . 
Deduct net value of re-insured risks 

Net re-insurance reserve . 
Matured endowments due and unpaid . $1,400 00 

Death losses and matured endowments in 

process of adjustment .... 11,500 00 

Total policy claims . 
Premiums paid in advance 

Liabilities as to policy-holders . 

Surplus as regards special policy-holders . $57,996 38 

general policy-holders . 224,796 77 

Gross surplus as regards policy-holders, 

Gross liabilities 

Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $108,108 46 

received during 1881 . 9,281 19 

Total 

Used in payment of surrendered policies, 

and voided by lapse . $3,189 80 
of dividends to policy- 
holders . . . 2,823 77 
Redeemed by maker in cash . . . 7,605 17 
Total ...... 

Balance note assets Dec. 31, 1881 .... 

Exhibit of Policies. 

Policies and Additions in Force Dec. 31, 1880 

Whole-life policies .... 

Endowment policies 

All other policies .... 



37 



$1,168 05 
1,098 37 


$2,266 42 
$1,343,342 09 


• • • 



$1,053,731 00 
7,366 00 

$1,046,365 00 



12,900 00 
1,283 94 

$1,060,548 94 



282,793 15 
$1,343,342 09 



$117,389 65 



13,618 74 
$103,770 91 



New Policies issued in 1881. 



Whole-life policies , 
Endowment policies 
All other policies 



iter. 

089 

400 

41 


Amount. 

$4,973,724 00 

366,650 00 

59,569 00 


666 
25 
11 


$938,900 00 
37,660 00 
24,240 00 



38 



LIFE INSURANCE COMPANIES [Dec. 31, 



Old Policies revived during the Year. 

Number. Amount. 

Whole-life policies ........ 8 $12,500 00 

Whole-life policies increased during the year . . - 1,000 00 



Total number and amount 


4,240 


$6,414,243 00 


Policies ceased to be in Force during 


the Year. 






Number. 


Amount. 


Terminated by death ..... 


. 36 


$74,130 00 


by maturity 


. 23 


24,949 00 


by surrender ..... 


. 32 


72,392 00 


by lapse 


. 216 


293,250 00 


by change and decrease 


- 


14,200 00 


by transfer 


1 


1,000 00 


Not taken 


. 187 
. 495 


237,900 00 


Total terminated 


$717,821 00 


Policies in Force Dec. 31, 1881. 






Number. 


Amount. 


Whole-life policies 


3,314 


$5,274,009 00 


Endowment policies ..... 


386 


355,604 00 


All other policies 


45 


66,809 00 



Totals 



3,745 $5,696,422 00 



30 shares Phoenix Fire Insurance Co. 



Schedule A. 

Securities held as Collateral. 

Market value. 

$6,000 00 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds . . . . $83,129 16 

Connecticut state bonds .... 30,246 50 

Tipton county (Ind.) bonds . . . 13,016 25 

Chicago city bonds 1,950 00 

Quincy city bonds 12,515 00 

Washington city bonds .... 9,775 00 

Evansville city bonds .... 14,425 00 

Indianapolis city bonds .... 24,500 00 

Woodburn (Io.j school bonds . . . 2,500 00 

Exira (Io ) school bonds . . . . 3,000 00 

Indianapolis and Cincinnati R.R. bonds . 9,610 00 

Lake Shore and Mich. Southern R.R. b'ds, 5,089 38 

St. Johnsbury and L. Champ R R. b'ds, 10,500 00 

125 shares N.Y., N.H , and Hartf'd R.R. 16,793 03 

16 " Shoe and Leather Nat'l Bank . 2,075 00 

40 " Merchants' Exch. Nat'l Bank . 2,750 00 

40 " Fourth National Bank . . 4,193 00 

216 " American National Bank . 13,538 00 



Amount loaned. 

$3,950 00 



Market value. 

$85,875 00 

31,260 00 

13,000 00 

2,100 00 

16,000 00 

10,500 00 

15,750 00 

26,250 00 

2,500 00 

3,000 00 

11,550 00 

6,710 00 

10,500 00 

21,250 00 

1,952 00 

2,000 00 

4,800 00 

15,660 00 



1881.] 



OF OTHER STATES. 



39 



104 shares Phoenix National Bank . 

52 " Charter Oak National Bank 

70 " Hartford National Bank . 

100 " First National Bank 

9 " ^Etn a National Bank . 

17 " Farmers' and MechV N'l B'k 

86 " Conn. Tr. and Safe Dep. Co. 

50 " Security Company . 

50 " Thames National Bank . 



Cost value. 

$15,853 00 
6,700 00 
10,625 00 
13,978 25 
1,116 00 
3,270 00 
8,428 00 
4,750 00 
6,850 00 



Market value. 

$17,368 00 
7,072 00 
11,900 00 
12,000 00 
1,183 00 
2,244 00 
9,460 00 
5,900 00 
7,000 00 



$331,175 57 $354,789 00 



CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF 

HARTFORD, CONN. 

[Incorporated June 15, 1846. Commenced business Dec. 15, 1846.] 

Jacob L. Greene, President. John M. Taylor, Secretary. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company 
for rents of company's property 
for profit and loss account . 



Total income 
Net or ledger assets Dec. 31, 1880 



Total 



Disbursements. 
Cash paid for losses and additions .... 
Premium notes or loans used in payment of same . 
Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same . 

Gross amount paid for losses and endowments . 
Cash paid for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse .... 

Cash surrender values, including reconverted additions 

applied in payment of premiums 

dividends paid policy-holders, $30,667.24; applied 

in payment of premiums, $1,177,664.96 

Premium notes or loans used in payment of dividends 

Total paid policy-holders 



$5,238,811 82 

2,290,909 03 

69,131 80 

470,287 25 

91,626 11 

$8,160,766 01 
47,833,628 70 

$55,994,394 71 



$2,825,804 73 

70,471 14 

788,238 77 

34,132 23 

$3,718,646 87 
132,847 56 

153,325 97 

795,061 28 

1,208,332 20 
76,010 33 

$6,084,224 21 



40 



LIFE INSURANCE COMPANIES [Dec. 31, 



Casli paid for commissions to agents 

for travelling expenses of agents 

for medical examiner's fees 

for salaries of officers and office employes 

for taxes and fees .... 

for advertising .... 

for incidentals ..... 

Total disbursements 

Balance 

Invested in the following : — 

Assets as per Ledger Accounts. 
Cost value of real estate .... 
Loans on mortgage of real estate (first liens) 

on collateral security (schedule A) 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash deposited in bank .... 
Agents' ledger balances .... 

Ledger assets (as per balance) . 



$286,797 05 

8,039 18 

10,540 25 

103,541 93 

454,590 06 

32,739 86 

235,828 80 

$7,216,301 34 

$48,778,093 37 



$12,657,974 92 

18,037,201 12 

401,303 28 

3,347,600 47 

11,367,294 94 

2,933,319 50 

33,399 14 

$48,778,093 3.7 



Other Assets. 
Interest due and accrued .... 
Rents due and accrued .... 
Market value of stocks and bonds over cost 
Deferred premiums on policies in force 
Deduct loading (25 per cent) . 
Net am't uncollected and deferred prems. 

Total assets per company's books 



$925,583 50 

14,373 88 

497,676 02 



$57,410 77 
14,352 69 



43,058 08 

. $50,258,784 85 



Agents' balances .... 
Depreciation from cost of real estate * 
Total 



Items not admitted. 

$33,399 14 
1,463,933 68 



Total admitted assets 



- 1,497,332 82 
. $48,761,452 03 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . . . $45,811,311 00 

Death losses and matured endowments due 

and unpaid ...... $10,237 67 

Death losses and matured endowments in 
process of adjustment .... 519,605 00 

Claims resisted by the company . . 88,456 04 

Total policy claims .... 618,29871 

* In making up 1 1 » « - value of the real estate owned, the same system has been employed as 
Uet year; and the result shows a recovery of $53,431.52 from the deduction in la6t report. 



1881.] 



OF OTHER STATES. 



41 



Unpaid dividends of surplus due policy-holders 
Premiums paid in advance, etc. 
Contingent reserve on lapsed policies 

Liabilities as to policy-holders . 
Surplus as regards policy-holders 

Gross liabilities 



$97,553 94 
155,264 88 
189,497 34 

$46,871,925 87 
1,889,526 16 

,761,452 03 



Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $3,702,156 82 

received during 1881 . 51,703 16 

Total ...... 

Used in payment of losses and claims . $104,603 37 
of surrendered policies, 

and voided by lapse . 189,963 13 
of dividends to policy- 
holders . . . 76,010 33 
Redeemed by maker in cash . . . 35,682 68 
Total 



$3,753,859 98 



406,259 51 

Balance note assets Dec. 31, 1881 .... $3,347,600 47 

Exhibtt of Policies. 

Policies and Additions in Force Dec. 81, 1880. 

Number. Amount. 

56,779 $147,017,097 00 

6,913 13,891,192 00 



Whole-life policies 
Endowment policies 
All other policies 



New Policies issued in 1881. 



Whole-life policies . 
Endowment policies 
All other policies 



Old Policies revived during the Year. 



Whole-life policies . 
Endowment policies 

Total number and amount 



651 


1,197,078 00 


2,591 

632 

9 


5,606,199 00 

1,538,145 00 

8,056 00 


ear. 

. 405 
. 44 


1,279,200 00 
133,150 00 



68,024 $170,670,117 00 



Policies ceased to be in Force during the Year. 

Number. Amount. 

Terminated by death 1,051 $2,877,254 00 

by maturity . 

by expiry 

by surrender . 

by lapse 

by change and decrease 



Not taken 



Total terminated 
6 



402 


822,107 00 


4 


4,500 00 


1,506 


4,531,838 00 


925 


2,529,650 00 


- 


289,700 00 


223 


575,200 00 



4,111 $11,630,249 00 



42 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies in Force Dec. 31, 1881. 



Whole-life policies , 
Endowment policies 
All other policies 

Totals 



Number. Amount. 

56,483$144,113,169 00 

6,825 13,810,731 00 

605 1,085,968 00 



63,913$159,039,868 00 



Schedule A. 

Securities held as Collateral. 



St. Louis city bond . 

Ohio Canal stock 

50 shares Little Miami Railroad 

United States bonds 

Hartford city bond . 

Mortgage bond (property in Kentucky) 

100 shares JEtna Fire Insurance Company, 
14 " N. Y., N. Haven, and H. R.R. 
50 " Merchants' Nat'l B'k, Toledo, 

101 " iEtna Fire Insurance Company, 
500 " N. Y. Central and H. R. R.R 
300 " N. Y., N. Haven, and H. R.R 

5 " St. Louis Chamber of Com. 
United States bond . 
Mortgages on Milwaukee property . 
126 shares Phenix Insurance Company 
27 " iEtna Insurance Company 
United States bonds 



Market value. 

$2,200 00 

5,500 00 

2,500 00 

500 00 

1,240 00 

5,000 00 

23,300 00 

2,580 00 

5,000 00 

23,533 00 

65,000 00 

51,600 00 

9,260 25 

26,460 00 

6,291 00 

298,875 00 



Amount loaned. 



y $9,803 28 



J 



1,000 00 
3,000 00 
10,000. 00 
1,500 00 
4,000 00 

72,000 00. 
18,000 00 

7,000 00 

20,000 00 
255,000 00 



$528,839 25 $401,303 28 



Schedule B. 



Stocks and Bonds owned 

United States bonds 

Connecticut state bonds 

Tennessee state bonds 

Fort Wayne city bonds 

Evansville city bonds 

Jackson city bonds . 

Louisville city bonds 

Quincy city bonds . 

Chicago city bonds . 

Milwaukee city bonds 

Kansas city (Mo.) bonds 

St Louis city bonds 

St. Louis Chamber of Commerce bonds 

St. Louis county park bonds . 

Toledo city bonds .... 



by the Company. 

Cost value. 

$4,618,853 10 

600,000 00 

19,900 00 

75,000 00 

266,050 00 

99,000 00 

182,500 00 

209,173 96 

28,520 00 

625,000 00 

182,500 00 

270,300 00 

492,000 00 

28,546 88 

61,200 00 



Market value. 

$4,813,750 00 

642,000 00 

19,370 00 

75,000 00 

266,050 00 

99,000 00 

236,000 00 

209,173 96 

28,215 00 

752,000 00 

182,500 00 

278,250 00 

492,000 00 

29,625 00 

69,000 00 



1881.] 



OF OTHER STATES. 



43 



Cleveland school bonds 
New York city bonds 
New York county bonds 
Toledo city bonds . 
Mobile city bonds . 
Atlantic Dock Company bonds 
Baltimore and Ohio Railroad bonds 
Vermont Valley Railroad bonds 
Dayton and Western Railroad bonds 
Chicago and Western Ind. R.R. bonds 
Harlem River and Portchester R.R. bonds 
New York Central and H. R. R.R. bonds 
C., C.j C, and Indianapolis R.R. bonds 
Central Pacific Railroad bonds 
Cleveland and Pittsburg Railroad bonds 
Michigan Central Railroad bonds 
St. Louis, Iron Mt., and So. R.R. bonds 
St. L., Jacksonville, and Chic. R.R. b'ds 
Erie Railroad bonds 
Chicago, Mil., and St. Paul R.R. bonds 
Philadelphia and Reading Railroad bonds 
Chic, Rock Island, and Pac. R.R. bonds 
Lehigh Valley Railroad bonds . 
Pittsburg, Chin., and St. L. R.R. bonds 
130 shares First National Bank, Hartford 
100 " City National Bank, Hartford 

25 " iEtna Nat'l Bank, Hartford 
176 " Phcenix Nat'l Bank, Hartford 

10 "■ Charter Oak Nat'l B'k, Hart'd 

10 M State Bank, Hartford . 
300 " Conn. Trust and S. Dep. Co 

50 " Connecticut River Railroad 
210 " N. Y., N. H., and Hart. R.R 
175 " First Nat'l Bank, Litchfield 
160 " Fourth National Bank, NY. 



Cost value. 

$31,310 00 

340,400 00 
33,600 00 
50,700 00 
88,500 00 
78,000 00 

269,375 00 

301,500 00 
33,000 00 

525,000 00 
1,000,000 00 

140,875 00 
63,312 50 
58,172 50 
34,378 75 
16,916 25 

101,541 25 

8,408 75 

73,918 75 

93,812 50 

55,552 50 

6,403 75 

42,787 50 

12,525 00 

13,000 00 

10,725 00 

2,500 00 

26,081 00 

1,055 00 

1,275 00 

30,000 00 

5,000 00 

21,000 00 

22,125 00 

16,000 00 



Market value. 

$31,310 00 



364 

37 

53 

88 

78 

280 

315 

32 

525 

1,000 

133 

63 

56 

34 

16 

98 

8 
71 
91 
54 

6 
42 
12 
15 

9 

3 
30 

1 

1 
30 

8 
36 
22 
20 



$11,367,294 94 $11,864 



000 00 
500 00 
760 00 
500 00 
000 00 
000 00 
000 00 
400 00 
000 00 
000 00 
500 00 
000 00 
250 00 
760 00 
120 00 
582 50 
408 75 
362 50 
340 00 
780 00 
350 00 
043 75 
200 00 
860 00 
500 00 
250 00 
272 00 
400 00 
100 00 
600 00 
462 50 
120 00 
225 00 
080 00 



970 96 



44 



LIFE INSURANCE COMPANIES [Dec. 31, 



EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED 
STATES, NEW YORK, N.Y. 

[Incorporated July 26, 1859. Commenced business July 28, 1859.] 
Paid-up Capital $100,000. 
Henry B. Hyde, President. William Alexander, Secretary. 

Xote by the Company. — Wherever the terra " cash" is used in this statement, it means 
money in hand, or its equivalent in the Company's money obligations. 

Income. 



Total premium income ...... 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company 

for rents of company's property . 

for profit and loss .... 

Total income 

Net or ledger assets Dec. 31, 1880 .... 



Total 



Disbursements. 
Cash paid for losses and additions .... 
for matured endowments and additions . 

Gross amount paid for losses and endowments . 
Cash paid to annuitants ...... 

for surrendered policies .... 

Cash dividends paid policy-holders; applied in payment 
of premiums ....... 

Total paid policy-holders 

Cash paid for dividends to stockholders . 
for commissions to agents 
for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 

for taxes and fees 

for rent 

for commuting commissions 

for advertising ...... 

for incidentals 

lor expenses on real estate 

Total disbursements 

Balance 



$7,712,806 78 

1,131,155 56 

587,548 86 

473,602 38 

178,391 90 



$10,083,505 48 
38,409,844 02 



$48,493,349 50 

$2,683,314 24: 
225,683 48 

$2,908,997 72 

18,032 93 

803,694 04 

1,505,630 94 

$5,236,355 63 

7,000 00 

606,564 94 

62,634 95 

69,897 52 
234,110 35 
109,662 52 
105,707 57 
112,966 89 

52,435 43 
297,674 78 

86,389 89 

$6,981,400 47 



Invested in the following: — 

Assets as per Ledger Accounts. 
Cost value of real estate ...... 

Loans on mortgage of real estate (first liens) . 



$41,511,949 03 



$9,463,973 42 
8,920,000 97 



1881.] 



OF OTHER STATES. 



45 



Loans on collateral security (schedule A) 

Cost value of stocks and bonds owned (schedule B) 

Cash in company's office . 

in transmission (since received) 

deposited in bank . 
Agents' ledger balances . 

Ledger assets (as per balance) . 

Other Assets. 

Interest due and accrued .... 
Rents due and accrued .... 
Market value of stocks and bonds over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force 



$9,265,000 00 

12,131,764 56 

2,300 97 

149,187 53 

1,546,256 95 

33,464 63 



$41,511,949 03 



$287,363 16 

58,414 26 

1,465,534 44 



Total ..... 

Deduct loading (20 per cent) . 
Net am't uncollected and deferred prems 



$259,663 00 
725,618 00 

$985,281 00 
197,056 20 



788,224 80 



Total assets per company's books 

Item not admitted. 
Agents' balances 

Total admitted assets .... 



$44,111,485 69 



33,464 63 



$44,078,021 06 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . . . $36,520,699 00 
Death losses due and unpaid . . . $54,645 00 
Matured endowments due and unpaid . 8,730 07 

Death losses and matured endowments in 
process of adjustment .... 98,500 00 

Total policy claims .... i 161,875 07 

Unpaid dividends of surplus due policy-holders . . 76,301 00 

Liability under three months clause in policies . . 72,938 00 



Liabilities as to policy-holders . 
Surplus as regards tontine policy-holders 

as regards other policy-holders 
Gross surplus as regards policy-holders 



Gross liabilities 



. $36,831,813 07 



$4,229,005 00 
3,017,202 99 



7,246,207 99 



. $44,078,021 06 



Exhibit of Policies. 



Policies and Additions in Force Dec. 31, 1880. 

Number. Amount. 

Whole-life policies 45,706$153,084,118 00 

Endowment policies 6,020 18,758,036 00 

All other policies 546 1,495,839 00 

Reversionary additions - 4,259,710 00 



46 



LIFE INSURANCE COMPANIES [Dec. 31, 



New Policies issued in 1881. 



"Whole-life policies . 
Endowment policies 
All other policies 



Old Policies revived during the Year. 



"Whole-life policies 
Endowment policies 
All other policies 



Old Policies increased during the Year. 
Additions by dividends .... 



Number. 


Amount. 


10,350 $38,238,720 00 


1,117 


4,525,463 00 


210 


674,774 00 


?ar. 
324 


1,135,100 00 


43 


95,000 00 


7 


26,750 00 



Total number and amount 



Policies ceased to be in Force dur 



Terminated by death 

by maturity . 

by expiry 

by surrender . 

by lapse 

by change and decrease 
Not taken .... 



Total terminated 



Policies in Force Dec 



Whole-life policies . 
Endowment policies 
All other policies 
Reversionary additions 

Totals 



- 1,493,289 00 



64,323$223,786,799 00 



ing the Year. 




Number 


Amount. 


655 


$2,422,965 00 


100 


191,935 00 


7 


28,200 00 


886 


3,653,912 00 


2,595 


7,801,916 00 


- 


1,358,226 00 


1,968 


7,650,626 00 



6,211 $23,107,780 00 



81, 1881. 

Number. Amount. 

51,0331173,669,719 00 

6,463 20,891,497 00 

616 1,723,030 00 

- 4,394,773 00 



58,112 $200,679,019 00 



Schedule A. 

Securities held as Collateral. 



Union Pacific Railroad stock . 

Union Pacific Railroad bonds . 

St. Paul Railroad stock . 

St. Paul Railroad bonds . 

North-Western Railroad stock 

North-Western Railroad bonds 

Western Union Telegraph Co. stock 

Erie Railroad bonds 

New York Central Railroad stock 

Wabash, St. Lo., and Pac. Railroad b'ds, 

Mercantile Safe Deposit Company stock . 



Market value. Amount loaned. 

,485,059 CO 

78,670 00 
774,155 00 
164,263 00 
751,125 00 

52,100 00 
625,520 00 
497,540 00 
494,335 00 
429,200 00 
650,000 00 



1881.] 



OF OTHER STATES. 



47 



Rock Island Railroad stock 
Delaware and Hudson Canal stock . 
Delaware and Hudson Canal bonds . 
Missouri and Pacific Railroad stock . 
Missouri and Pacific Railroad bonds 
Illinois Central Railroad stock . 
Hannibal and St. Jos. Railroad stock 
Hannibal and St. Jos. Railroad bonds 
Chicago and Alton Railroad stock . 
Omaha Railroad stock 
Omaha Railroad bonds 
United States bonds 
Chic, Burl., and Quincy Railroad stock 
Chic, Burl., and Quincy Railroad bonds 
Oregon Navigation Company stock . 
Oregon Navigation Company bonds . 
District of Columbia bonds 
Richmond and Danville Railroad stock 
Richmond and Danville Railroad bonds 
Ohio and Mississippi Railroad bonds 
Delaware and Lackawanna Railroad stock 
Central Pacific Railroad stock . 
Central Pacific Railroad bonds 
Mercantile Trust Company stock 
Panama Railroad stock . 
Missouri, Kansas, and Texas R.R. bonds 
Missouri, Kansas, and Texas R.R. stock 
Lake Shore Railroad stock 
Lake Shore Railroad bonds 
Louisville and Nashville Railroad stock 
Louisville and Nashville Railroad bonds 
Manhattan Gas Company stock 
Northern Pacific R.R. bonds . 
Louisville, Nash., and N. Alb. R.R. b'ds 
San Francisco Railroad stock . 
San Francisco Railroad bonds . 
Richmond and West Point Railroad stock 
Jersey Central Railroad inc. bonds . 
Iron Mountain Railroad bonds . 
Pullman Car Company stock . 
Houston and Texas Railroad bonds . 
New York Elevated Railroad stock . 
New York Elevated Railroad bonds . 
Evansville and Terre Haute Railroad b'ds 
Lehigh and Wilkesbarre Railroad stock 
Lehigh and Wilkesbarre Railroad bonds 
W abash Railroad bonds . 
Wabash Railroad stock . 



Market value. Amount loaned. 

$393,657 00 
337,500 00 

43,680 00 

318,150 00 

3,090 00 

278,907 00 

275,938 00 

33,250 00 
261,562 00 
219,400 00 

12,000 00 
125,976 00 
200,928 00 
1,270 00 
206,040 00 
2,000 00 
192,500 00 
190,300 00 

87,550 00 
154,720 00 
114,525 00 
142,531 00 
127,780 00 
135,000 00 
120,000 00 
106,000 00 

11,100 00 

97,180 00 
2,200 00 

91,350 00 

40,560 00 

79,090 00 

73,130 00 

83,640 00 

73,150 00 
2,060 00 

68,000 00 

63,583 00 

50,339 00 

54,800 00 

44,280 00 

42,800 00 

17,400 00 

39,950 00 

44,800 00 

25,200 00 

35,900 00 

23,225 00 



48 



LIFE INSURANCE COMPANIES [Dec. 31, 



Iowa City and Western Railroad bonds 
American Dock Improvement Co. bonds 
Ohio Central Railroad bonds . 
Kansas and Pacific Railroad bonds . 
Southern Pacific Railroad (of Cal.) bonds 
"Winona and St. Peter Railroad bonds 
Morris and Essex Railroad stock 
Morris and Essex Railroad bonds 
Cairo, Ark., and Texas Railroad bonds 
Chicago city bonds .... 
Southern Pac. (of Mo.) Railroad bonds 
Baltimore and Ohio Railroad stock . 
St. Paul and Manitoba Railroad stock 
Michigan Central Railroad stock 
Brooklyn park bonds 
Colorado Coal and Iron Company stock 
Colorado Coal and Iron Company bonds 
Central Park and No. River R.R. bonds 
Cleveland and Pittsburg Railroad stock 
Canada Southern Railroad stock 
Canada Southern Railroad bonds 
Great Western Railroad bonds 
Texas and Pacific Railroad bonds . 
Minnesota and St. Louis Railroad bonds 
Metropolitan Elevated Railroad stock 
Metropolitan Elevated Railroad bonds 
Chesapeake and Ohio Railroad bonds 
Chesapeake and Ohio Railroad stock 
St. Louis and Santa Fe Railroad stock 
Bank of North America stock . 
St. Louis, Jack., and Chic. R.R. bonds 
Terre Haute and Tnd. Railroad bonds 
Denver and Rio Grande Railroad bonds 
Denver and Rio Grande Railroad stock 
Pennsylvania Coal Company stock . 
Denver and South Park Railroad bonds 
Richmond and Alleghany Railroad bonds 
St. Louis and Iron Mt. Railroad bonds 
Chicago and Eastern Illinois R.R. bonds 
Atchison and Santa Fe Railroad stock 
Kansas City and Northern Railroad bonds 
Toledo, Dub., and No. Railroad bonds 
New York City and No. Railroad bonds 
New Orleans and Pacific Railroad bonds 
Missouri and Ohio Railroad bonds . 
Eastern Tennessee Railroad bonds . 
Long Dock Railroad bonds 
Missouri state bonds 



Market value. Amount loaned. 

$36,000 00 
39,000 00 
32,000 00 
27,700 00 
27,040 00 
27.600 00 
36,525 00 
17,700 00 
23,100 00 
21,090 00 
20,800 00 
25,200 00 
22,400 00 
43,000 00 
21,000 00 
21,500 00 
890 00 
19,760 00 
17,400 00 
10,475 00 
17,280 00 
14,300 00 
15,130 00 
12,000 00 
13,012 00 
13,000 00 
15,000 CO 

2,600 00 
12,300 00 
11,200 00 
11,500 00 
11,000 00 
12,990 00 

7,000 00 
12,500 00 
10,200 00 
10,500 00 
10,900 00 
10,500 00 

9,400 00 

9,360 00 

8,700 00 

8,500 00 

8,280 00 
10,590 00 

7,080 00 

6,720 00 

6,420 00 



1881.] 



OF OTHER STATES. 



'EJf 



49 



Syracuse and Binghampton R.R. bonds 

Cedar Falls Railroad bonds 

•Decatur and East St. Louis R.R. bonds 

Michigan Southern Railroad bonds . 

Terre Haute Railroad bonds 

Manhattan Railroad bonds 

St. Charles Bridge bonds . 

Rochester and Pittsburg Railroad stock 

Clinton Fire Insurance Company stock 

Cleveland and Toledo Railroad bonds 

Brooklyn Bridge bonds 

Yonkers Railroad bonds . 

Mobile and Ohio Railroad stock 

Alton and Terre Haute Railroad bonds 

Nashua and Decatur Railroad bonds 

Pittsburg, and Ft. Wayne Railroad stock 

Keokuk and Des Moines Railroad stock 

Long Island Railroad bonds 

Memphis and Little Rock Railroad bonds, 

Ohio Southern Railroad bonds . 



Market value. Amount loaned. 

$6,100 00 
5,650 00 
5,300 00 
5,500 00 
5,500 00 
5,450 00 
5,100 00 
5,200 00 
4,500 00 
4,400 00 
4,200 00 
3,900 00 
3,400 00 
3,300 00 
2,400 00 
2,700 00 
1,800 00 
1,150 00 
1,020 00 
920 00 



$12,015,590 00 $9,265,000 00 



Schedule B. 



Stocks and Bonds 

United States bonds 
New York city bonds 
Brooklyn city bonds 
Rochester city bonds 
Buffalo city bonds . 
Sharon city bonds . 
Yonkers city bonds . 
Little Valley town bonds 
Virginia state stock . 
Newark city bonds . 
Jersey city bonds 
Hoboken city bonds 
Cleveland city bonds 
Seneca town bonds . 
Columbus (O.) bonds 
Louisville (Ky.) bonds 
Dayton (O.) bonds . 
St. Louis (Mo.) city bonds 
St. Louis (Mo.) county bonds 
Mercantile Trust Company stock 
Fort Wayne (Ind.) bonds 
Fall River (Mass.) bonds 



owned by the Company. 

Cost value. 

$1,425,652 00 

2,227,213 00 

157,205 00 

55,500 00 

62,620 84 

11,500 00 

56,562 50 

1,000 00 

14,898 19 

722,445 00 

95,101 00 

208,405 00 

291,533 75 

40,000 00 

8,400 00 

106,000 00 

107,279 00 

582,200 00 

10,775 00 

1,009,032 78 

103,050 00 

103,500 00 



Market value. 

$1,650,500 00 

2,449,109 00 

211,400 00 

69,250 00 

63,918 00 

12,075 00 

65,S75 00 

1,065 00 

14,249 00 

861,900 00 

108,500 00 

226,525 00 

322,075 00 

43,200 00 

8,960 00 

118,000 00 

116,725 00 

637,150 00 

11,500 00 

1,547,700 00 

111,000 00 

112,000 00 



50 



LIFE INSURANCE COMPANIES [Dec. 31, 



Erie Railroad bonds .... 

Buffalo, New York, and Erie R.R. bonds, 
Delaware and Hudson Canal bonds . 
Albany and Susquehanna R.R. bonds 
Chicago, Mil., and St. Paul R.R. bonds . 
"Wabash, St. Louis, and Pac. R.R. bonds, 
Wabash Railroad bonds .... 
St. Louis, Kan. City, and No. R.R. bonds, 
No. Missouri Railroad 1st mort. bonds . 
111. and So. Iowa R R. 1st mort. bonds . 
Toledo and Wabash R.R. 1st mort. b'ds . 
Troy and Boston Railroad bonds 
Watertown and Rome Railroad bonds 
Chicago and North- Western R.R. bonds . 
St. Louis and Iron Mountain R.R. bonds, 
Memphis and Little Rock Railroad bonds, 
Syracuse, Bing., and New York R.R. b'ds, 
Morris and Essex Railroad bonds 
Hannibal and St. Joseph Railroad bonds, 
Missouri Pacific Railroad bonds 
Kansas Pacific Railroad bonds . 
Pennsylvania Company bonds . 
Milwaukee and St. Paul Railroad bonds . 
International and Gt. Northern R.R. b'ds, 
Chic, Minn., St. Paul, and Oma. R.R. b'ds, 
Morris and Essex Railroad stock 
N. Y. Cent, and Hud. Riv. R.R. stock . 



Cost value. 

$588,349 00 

47,641 00 

176,304 00 

108,365 00 

257,750 00 

568,050 00 

62,373 00 

66,135 00 

17,511 00 

53,363 00 

52,573 00 

272,035 00 

438,585 00 

209,500 00 

11,542 00 

30,243 00 

45,600 00 

227,500 00 

48,741 00 

256,250 00 

62,844 00 

250,000. 00 

248,750 00 

277,500 00 

104,142 00 

109,010 00 

141,235 50 



Market value. 

$648,750 00 

48,600 00 

192,900 00 

120,000 00 

272,500 00 

515,500 00 

58,375 00 

65,720 00 

18,525 00 

54,325 00 

54,000 00 

276,250 00 

480,355 00 

218,000 00 

11,700 00 

30,573 00 

48,400 00 

248,000 00 

48,600 00 

257,500 00 

61,800 00 

247,500 00 

2:32,500 00 

266,250 00 

100,000 00 

125,000 00 

133,000 00 



£,131,764 56 $13,597,299 00 



GERMANIA LIFE INSURANCE COMPANY OF NEW YORK. 

[Incorporated April 10, 1860. Commenced business July 16, I860.] 
Paid-up Capital, $200,000. 
Hugo Wesendonck, President. Cornelius Doremus, Secretary. 



Income. 

Total premium income ...... 

Cash received for interest on stocks, bonds, and loans 
as discount on claims paid in advance 
for rents of company's property . 
for policy fees .... 



Total income . 
Net or ledger assets Dec. 31, 1880 

Total .... 



$1,316,515 89 

407,946 71 

137 05 

48,532 69 

347 76 

$1,773,480 10 

8,784,882 62 

,558,362 72 



1881.] 



OF OTHER STATES. 



51 



Disbursements. 

Cash paid for losses and additions . 

for matured endowments and additions 

Gross amount paid for losses and endowments 
Cash paid to annuitants ..... 

for surrendered policies . 

Cash surrender values, including reconverted additions 

applied in payment of premiums 

dividends paid policy-holders, applied in payment 

of premiums 

Total paid policy-holders . 
Cash paid for dividends to stockholders 
for commissions to agents 
for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 
for taxes and fees 
for rent .... 
for commuting commissions 
for furniture and office fixtures 
for advertising and printing 
for incidentals . 

Total disbursements . 

Balance ..... 



$533,231 00 
131,602 88 

$664,833 88 

3,795 71 

160,278 43 

11,228 39 

169,484 69 

1,009,621 10 

24,000 00 

145,217 79 

52,568 37 

12,764 18 

64,259 87 

8,300 35 

13,170 00 

1,426 40 

147 44 

10,387 10 

17,707 77 

1,359,570 37 

9,198,792 35 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate ..... 
Loans on mortgage of real estate (first liens) . 

on collateral security (schedule A) 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office . 
deposited in bank . 

Ledger assets (as per balance) . 
Deduct depreciation from cost of assets 

Total net or ledger assets . 



$1,130,500 44 

5,811,988 70 

208,000 00 

1,856,750 67 

35,041 91 

156,510 63 

$9,198,792 35 

122,443 94 

$9,076,348 41 



Other Assets. 

Interest due and accrued .... 
Market value of stocks and bonds over cost 



$53,965 89 
120,699 33 



Total assets per company's books 



1,251,013 63 



52 LIFE INSURANCE COMPANIES [Dec. 31, 

Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . . . $8,552,031 00 
Deduct net amount of uncollected and deferred prems. . 205,228 36 

$8,346,802 64 
Death losses due and unpaid . . . $12,800 07 
and matured endowments in 

process of adjustment . 122,088 66 

Claims resisted by the company . . 27,151 11 

Total policy-claims .... 162,039 84 

Unpaid dividends of surplus due policy- 
holders 34,359 43 

Rents accrued 1,750 00 

Extra reserve for lapsed, war, and other policies . . 23,773 65 

Liabilities as to policy-holders $8,568,725 56 

Surplus as regards special policy-holders . 8-7,104 36 
as regards general policy-holders . 655,183 71 
Gross surplus as regards policy-holders, 682,288 07 

Gross liabilities $9,251,013 63 

Exhibit of Policies. 
Policies and Additions in Force Dec. 31, 1S80. 

Number. Amount. 

Whole-life policies 13,732 $24,343,207 00 

Endowment policies 6,107 8,649,200 00 



All other policies 350 


893,115 00 


New Policies issued in 1881. 




Whole-life policies 711 


2,351,183 00 


Endowment policies ..... 1,201 


1,934,794 00 


All other policies 154 


423,558 00 


Old Policies revived during the Year. 




"Whole-life policies ....... 8 


20,950 00 


Endowment policies . . . . . .2 


1,785 00 


Whole-life policies increased during the year . . 5 


2,544 00 


Additions by dividends - 


49,891 00 


Total number and amount . . . 22,270 $38,670,227 00 


Policies ceased to be in Force during the Year. 




Number. 


Amount. 


Terminated by death 311 


$525,895 00 


by maturity 104 


144,574 00 


by expiry ...... 1 


- 


by surrender . ..... 457 


856,803 00 


by lapse 534 


824,487 00 


by change and decrease ... 8 


27,960 00 


Not taken 268 


783,858 00 


Total terminated 1,083 


$3,163,577 00 



1881.] 



OF OTHER STATES. 



53 



Whole-life policies 
Endowment policies 
All other policies 



Policies in Force Dec. 31, 1881. 

Number. Amount. 

13,644 $25,000,865 00 

6,544 9,480,106 00 

399 1,025,679 00 



Totals 
Industrial policies in force 



20,587 $35,506,650 00 
7,511 $859,942 00 



Schedule A. 



United States bonds 



Securities held as Collateral. 

Market value. 

$222,531 25 
Schedule B. 



Stocks and Bonds owned by the Company. 

Par value. 

United States bonds .... $1,135,00000 



Virginia state bonds 
Mississippi state warrants 
New York city bonds 
New York county bonds . 
Brooklyn city bonds 
Newark city bonds . 



30,000 00 

10,000 00 
375,000 00 

25,000 00 
150,000 00 

15,000 00 



Amount loaned. 

$208,000 00 



Market value. 

11,306,700 00 

9,900 00 

8,500 00 

429,500 00 

27,250 00 

177,600 00 

18,000 00 



,740,000 00 $1,977,450 00 



HOME LIFE INSURANCE COMPANY OF NEW YORK. 

[Incorporated April 30, 1860. Commenced business May 1, I860.] 

Paid-up Capital, $125,000. 

George C. Ripley, President. Joseph P. Holbrook, Secretary. 

Income. 

Total premium income $454,727 98 

Cash received for interest on stocks, bonds, and loans . 257,175 32 
for rents of company's property . . 2,628 43 

Total income $714,531 73 

Net or ledger assets Dec. 31, 1880 4,758,389 14 



Total 



Disbursements. 

Cash paid for losses and additions . 
Premium notes or loans used in payment of same 
Cash paid for matured endowments and additions 
Premium notes or loans used in payment of same 

Gross amount paid for losses and endowments 



1,472,920 87 



$176,232 80 
12,506 20 
97,990 30 
18,735 43 

$305,464 73 



54 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid to annuitants ...... 

for surrendered policies .... 

Premium notes or loans used in -purchase of surrendered 

policies, and voided by lapse .... 

Cash dividends paid policy-holders applied in payment of 

premiums ........ 

Premium notes or loans used in payment of dividends 

Total paid policy-holders 

Cash paid for dividends to stockholders . 
for commissions to agents 
for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 
for taxes and fees ..... 

for rent ....... 

for advertising ..... 

for incidentals 

Total disbursements ...... 

Balance 



$1,101 35 
19,081 53 

24,961 48 

29,408 56 
66,639 38 

$446,657 03 

15,000 00 

45,758 27 

29,309 91 

3,988 00 

29,723 02 

4,930 80 

6,584 43 

3,335 42 

11,922 90 

$597,209 78 

4,875,711 09 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate .... 
Loans on mortgage of real estate (first liens) 

on collateral security (schedule A) 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office and in bank 
Agents' ledger balances .... 

Ledger assets (as per balance) . 
Deduct depreciation from cost of assets . 

Total net or ledger assets . 



$280,580 05 

771,525 00 

1,415,400 00 

755,819 95 

1,592,851 22 

53,220 44 

6,314 43 

14,875,711 09 

22,500 00 



$4,853,211 09 



Other Assets. 

Interest due and accrued .... 
Rents due and accrued .... 
Market value of stocks and bonds over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force 

Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 



$57,157 78 
26,491 99 

$83,649 77 
16,729 95 



$20,123 66 
1,493 50 

101,888 78 



66,919 82 
$5,043,636 85 



1881.] 



OF OTHER STATES. 
Item not admitted. 



Agents' balances 

Total admitted assets 



35 



$6,314 43 
•15,037,322 42 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . . . $3,706,716 00 

Death losses and matured endowments in 

process of adjustment .... $34,250 00 

Claims resisted by the company . . 7,000 00 

Total policy claims .... 41,250 00 

Unpaid dividends of surplus due policy-holders . . 14,594 06 

Premiums paid in advance 540 24 



Liabilities as to policy-holders 
Surplus as regards policy-holders 

Gross liabilities 



$3,763,100 30 
1,274,222 12 

$5,037,322 42 



Premium Note Account. 

Premium notes an hand Dec. 31, 1880 . $776,444 11 

received during 1881 . 125,667 72 

Total $902,111 83 

Used in payment of losses and claims . $31,241 63 
of surrendered policies, 

and voided by lapse . 24,961 48 
of dividends to policy- 
holders . . . 66,639 38 
Redeemed by maker in cash . . . 23,449 39 

Total 146,291 88 

Balance note assets Dec. 31, 1881 .... $755,81995 



Exhibit of Policies* 
Policies and Additions in Force Dec. 31, 1880. 

Number. Amount. 

Whole-life policies 6,342 $12,401,251 00 

Endowment policies 1,114 1,933,820 00 

All other policies 11 4,000 00 

Reversionary additions ..... - 8,996 00 



New Policies issued in 1881. 



Whole-life policies . 
Endowment policies 



Old Policies revived during the Year. 



Whole-life policies . 
Endowment policies 



902 


1,680,944 00 


319 


510,629 00 


8 


13,000 00 


1 


3,000 00 



66 



LIFE INSURANCE COMPANIES [Dec. 31, 



Old Policies increased during the Year. 

Number. 

Whole-life policies - 

Endowment policies . . . . - 

Additions by dividends - 



Amount. 

$5,000 00 
1,000 00 
3,054 00 



Total number and amount 



8,697 $16,564,694 00 



Policies ceased to be in Force during the Year. 

Number. 

Terminated by death 108 

by maturity 72 

by surrender 395 

by lapse 116 

by change and decrease 



Not taken 



Total terminated 



144 



Amount. 

$188,739 00 
116,726 00 
834,150 00 
195,300 00 
18,500 00 
246,200 00 



835 $1,599,615 00 



Whole-life policies 



Policies in Force Dec. SI, 1881. 

Number. Amount. 

6,620 $12,814,046 00 



Endowment policies 
All other policies 
Reversionary additions 

Totals 



1,232 
10 



2,138,983 00 
12,050 00 



7,862 $14,965,079 00 



25 shares Nassau National Bank 



Schedule A. 

Securities held as Collateral. 

Market value. 

$4,000 00 



125 " Mechanics' National Bank 
50 " Home Fire Insurance Company 
100 " Union Trust Company 
20 " Nassau National Bank 
10 " Bowery National Bank . 
Prospect Park bond .... 
150 shares Central Trust Company . 
300 " Metropolitan National Bank 
Prospect Park bonds 
100 shares Brooklyn City Railroad 
20 " Brooklyn Bank . 
41 " New York Gas-Light Co. 
1,284 " Brooklyn City Gas- Light Co 
50 " German American Ins. Co. 
145 " Nassau National Bank . 
803 " Central National Bank 
285 " Fourth National Bank . 
12 " Nat'l Shoe and Leather Bank 
150 " Bank of Commerce 
250 " Central Trust Company 
580 " Reims, and Saratoga R.R. 
31 " N. York Life and Trust Co 



10,625 00 

6,250 00 > 

20,000 00 > 

3,200 00 > 

1,200 00 > 

1,300 00 

27,000 00 I 

37,500 00 > 

6,500 00 

2,000 00 ) 

1,100 00 £- 

4,305 00 ) 

40,125 00} 

8,000 00 C 

23,200 00) 

88,330 00 > 

33,630 00 ) 

1,560 00 
19,500 00"] 
45,000 00 ' 



Amount loaned. 

$2,000 00 
7,500 00 

11,000 00 

1,400 00 

1,000 00 
44,000 00 

5,000 00 
5,800 00 

50,000 00 

110,000 00 
400 00 



81,200 00 
10,850 00 j 



y 105,00000 



1881.] 



OF OTHER STATES. 



57 



10 shares Standard Fire Insurance Co 

30 " Long Island Bank 

45 " C'IP'kandN. and E.R. R.R 
8 " Third Avenue Railroad 

20 " Nassau National Bank . 

30 " Home Fire Insurance Co. 

44 " Broadway Insurance Co. 

10 " Knickerbocker Ice Company 

10 " Broadway and 7th Ave. R.R 

10 " Mechanics' Fire Ins. Co. 

15 " Twenty- third Street R R. 
1,000 " Brooklyn City Railroad 
Suspen. Bridge and Erie June. R.R. b'ds, 
Lafayette, Bloom., and Mun. R.R. bonds, 
Houston and Texas Railroad bonds . 

50 shares American Exchange Nat'l Bank, 

51 " Mechanics' Insurance Company, 
22 " Central National Bank . 

10 " Park Fire Insurance Company . 
35 " Exchange Fire Insurance Co. . 
Atlantic Avenue Railroad bonds 
100 shares New York Central Railroad . 
400 " Chic, Burl., and Quincy R.R. 
100 " New Jersey Central Railroad . 
195 " Pullman Palace Car Company, 
400 " Nash., Chat., and St. L. R.R. 
100 " Metropolitan Elevated R.R. . 
Metropolitan Elevated Railroad bonds 
United States bonds .... 

500 shares Western Union Tel. Co. 

450 " Union Pacific Railroad 
2,300 " Erie Railroad 

200 " Omaha Railroad preferred . 

600 " Chic, Burl., and Quin. R.R. 

300 " New York Central Railroad . 

600 u Lake Shore Railroad 
1,000 " Union Pacific Railroad 

100 " Chic, Burl., and Quin. R.R. 
Erie Railroad consolidated bonds 
E. Tenn., Va., and Georgia R.R. bonds . 
Peoria, Dec, and Evansville R.R. bonds, 
Houston Street R.R. bonds 
700 shares Del. and Hudson Canal Co. 
200 " Adams Express Company 
200 " Lake Shore Railroad 
300 " Erie Railroad, preferred . 

50 " Christopher and 10th St. R.R. 

80 " New York and New Haven R. R. 



y 



Market value. 

1625 00 
1,500 00 
4,500 00 
1,400 00 
3,200 00 
3,900 00 y 
1,760 00 
1,000 00 
1,000 00 
800 00 
1,500 00J 
20,^00 00 
20,000 00^ 
15,000 00 [ 
20,000 00) 
6,000 00 
4,080 00 ^ 
2,420 00 ' 
1,500 00 j 
1,050 00 j 
2,000 00 
13,000 00 
52,000 00 
9,200 00 
23,400 00 y 
32,800 00 I 
8,500 00 j 
5,000 00 J 
10,300 00 
40,000 001 
51,750 00 
92,000 00 
20,000 00 
78,000 00 
39,000 00 J 
67,200 00^ 
115,000 00 [• 
13,000 00 ) 
125,000 00 
200,000 00 
63,000 00 
25,000 00 
73,500 00 
30,000 00 
22,400 00 
24,000 00 
5,000 00 
14,400»00J 



Amount loaned. 



$17,500 00 



8,500 00 

40,000 00 

3,000 00 

6,000 00 

2,000 00 

100,000 00 

10,300 00 
250,000 00 



150,000 00 



)■ 485,000 00 



,842,060 00 ^1,415,400 00 



58 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds .... 11,009,453 72 

New York city bonds .... 53,662 50 

Brooklyn city bonds .... 383,697 50 

Kings county bond ..... 146,037 50 



Market value. 

$903,500 00 

54,000 00 

573,240 00 

164,000 00 



$1,592,851 22 $1,694,740 00 



HOM(E#PATHIC MUTUAL LIFE INSURANCE COMPANY OF 

NEW YORK. 

[Incorporated July 18, 1868. Commenced business July 18, 1868.] 

Paid-up Capital $100,000. 

Edwin M. Kellogg, President. Frank B. Mayhew, Secretary. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company 
. for rents of company's property . 
for profits on bonds or stocks sold 
for re-insurance .... 



Total income 
Net or ledger assets Dec. 31, 1880 



Total 



$100,568 10 
27,498 89 
3,72& 59 
1,642 24 
1,730 26 
1,161 39 

$136,327 47 
628,876 59 

$765,204 06 



Disbursements. 

Cash paid for losses and additions .... 
for matured endowments and additions 

Gross amount paid for losses and endowments . 
Cash paid for surrendered policies .... 

surrender values, including reconverted additions 

applied in payment of premiums . 
dividends paid policy-holders, $2,693.13; applied in 
payment of premiums, $2,313.16 . 

Total paid policy-holders 

Cash paid for commissions to agents 

for salaries and travelling expenses of agents 

for medical examiner's fees 

for salaries of officers and office employes 

for taxes and fees 

for rent ....... 

for comirluting commissions 



$32,964 50 
6,409 00 

$39,373 50 
28,165 20 

11,811 00 

5,006 29 

$84,355 99 

4,649 36 

2,875 52 

460 10 

10,299 38 

1,751 57 

2,000 00 

786 17 



1881.] 



OF OTHER STATES. 



59 



Cash paid for furniture and office fixtures 
for advertising . 
for incidentals . 

Total disbursements . 

Balance ...... 



Invested in the following: — 

Assets as per Ledger Accounts. 
Cost value of real estate ..... 
Loans on mortgage of real estate (first liens) . 
on collateral security (schedule A) 
on company's policies assigned as collateral 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office : 

deposited in bank ..... 
Agents' ledger balances 

Ledger assets (as per balance) . 



Other Assets. 
Interest due and accrued .... 
Rents due and accrued .... 
Market value of stocks and bonds over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force 



$4,022 81 
12,991 59 

$17,014 40 
3,402 88 



Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 



Item not admitted. 
Agents' balances ........ 

Total admitted assets ...... 

Liabilities* 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . 
Deduct net value of re-insured risks .... 

Net re-insurance reserve ...... 

Death losses and matured endowments in 

process of adjustment . . . . $7,801 00 

Claims resisted by the company . . 4,842 77 

Total policy claims . 
Reserve on lapsed policies 
Premiums paid in advance 



$648 64 
1,104 60 
7,183 60 

$116,114 93 

$649,089 13 



$37,750 00 

317,200 00 

12,350 00 

13,279 16 

262,635 00 

215 06 

5,494 m 

165 03 

$649,089 13 



$4,075 17 

50 00 

1,700 00 



13,611 52 

$668,525 82 



165 03 

$668,360 79 



$561,393 00 
8,479 00 

$552,914 00 



12,643 77 
6,000 00 
1,460 72 



60 



LIFE INSURANCE COMPANIES [Dec. 31, 



Reserve for possible depreciation 
All other liabilities . 

Liabilities as to policy-holders 
Surplus as regards policy-holders 

Gross liabilities 



Exhibit of Policies. 
Policies and Additions in Force Dec. 81, 1880 

"Whole-life policies 

Endowment policies .... 
All other policies 



$7,000 00 
2,400 00 

$582,418 49 
85,942 30 

$668,360 79 



New Policies issued in 1881. 



Whole-life policies 
Endowment policies 
All other policies 



Old Policies revived during the Year. 

Whole-life policies 

Endowment policies .... 

Additions by dividends .... 

Total number and amount 

Policies ceased to be in Force dur 

Terminated by death .... 

by maturity .... 

by expiry .... 

by surrender 

by lapse .... 

by change and decrease 
Not taken ...... 

Total terminated .... 



Number. 


Amount. 


1,617 


$2,200,284 00 


467 


446,762 00 


247 


503,547 00 


881. 

514 


389,479 00 


87 


63,610 00 


35 


69,066 00 


he Year. 




1 


1,000 00 


1 


1,000 00 


. 


2,361 00 


2,969 


$3,677,109 00 


ing the Year. 




Nuinbei 


Amount. 


17 


$34,619 00 


7 


6,384 00 


56 


105,000 00 


120 


193,101 00 


211 


225,800 00 


25 


20,778 00 


76 


95,850 00 


512 


$681,532 00 



Policies in Force Dec. 31, 1881. 



Whole-life policies 
Endowment policies 
All other policies 

Totals 



Number. Amount. 

1,780 $2,165,030 00 
470 413,484 00 
207 417,063 00 



2,457 $2,995,577 00 



Schedule A. 

Securities held as Collateral. 

Market value. 
83 shares Fifth National Bank . . $3,990 00 

20 " Farragut Fire Insurance Co. . 1,230 00 



Amountloanei . 

$3,300 00 
650 00 



1881.] 



OF OTHER STATES. 



61 



60 shares Hamilton Fire Insurance Co. . 
100 " Am. Needle and Fish-hook Co. 
Arcadia town bonds .... 

200 shares Phoenix Fire Insurance Co. 



Schedule B 

Stocks and Bonds owned by 



United States bonds 

New York city bonds 

Brooklyn city bonds 

Buffalo city bonds . 

Arcadia town bonds . 

Yates town bonds 

Second Avenue Railroad bonds 

Third Avenue Railroad bonds . 

Dry Dock, E. B'w'y, and Bat. R.R. b'ds 

Broadway and Seventh Ave. R.R. bonds 

Central Park, N. and E. Riv. R.R. bonds 

Broadway and Seventh Ave. R.R. stock 

Pelham town bonds .... 



Market value. 

$1,260 00 
2,750 00 
1,100 00 

14,500 00 



the Company. 

Cost value. 

$166,500 00 

6,500 00 

1,000 00 

1,000 00 

5,000 00 

10,000 00 

21,000 00 

7,910 00 

16,250 00 

4,225 00 

10,000 00 

13,000 00 

250 00 



Amount loaned. 

$1,400 00 

1,000 00 
6,000 00 



$24,830 00 $12,350 00 



Market value. 

$166,500 00 

6,500 00 

1,000 00 

1,000 00 

5,000 00 

10,000 00 

22,200 00 

7,910 00 

16,250 00 

4,225 00 

10,500 00 

13,000 00 

250 00 



$262,635 00 $264,335 00 



MANHATTAN LLFE INSURANCE COMPANY OF NEW YORK. 

[Organized 1850. Commenced business Aug. 1, 1850.] 

Paid-up Capital, $100,000. 

Henry Stokes, President. Jacob L. Halsey, Secretary 

Income. 
Total premium income ...... 



Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company 
as discount on claims paid in advance 
for rents of company's property 
for profits on real estate sold 

Total income ..... 
Net or ledger assets Dec. 31, 1880 . 



Total 



Disbursements. 
Cash paid for losses and additions . 
Premium notes or loans used in payment of same 



$1,002,795 94 

367,591 39 

151,284 66 

2,640 18 

48,524 39 

9,405 58 

$1,582,242 14 

9,776,823 29 

$11,359,065 43 



$538,829 93 
34,635 07 



62 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same . 

Gross amount paid for losses and endowments . 
Cash paid to annuitants ...... 

for surrendered policies .... 

Premium notes or loans used in purchase of surrendered 
policies, and voided by lapse .... 

Cash dividends paid policy-holders, applied in payment of 
premiums ........ 

Premium notes or loans used in payment of dividends 

Total paid policy-holders 

Cash paid for dividends to stockholders . 
for commissions to agents 
for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 
for taxes and fees ..... 

for rent ....... 

for advertising ..... 

for expense on real estate 

for incidentals ...... 

Total disbursements 

Balance ........ 



$149,340 49 
19,412 51 

$742,218 00 

4,441 00 

106,997 95 

46,591 12 

183,421 04 
10,035 44 

1,093,704 55 
40,000 00 
81,935 15 
8,252 39 
7,526 75 
61,552 45 
10,463 52 
10,500 00 
10,918 87 
35,518 61 
20,743 90 

1,381,116 19 

3,977,949 24 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate 

Loans on mortgage of real estate (first liens) . 

on collateral security (schedule A) 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office ..... 
deposited in bank ..... 

Ledger assets (as per balance) . 

Other Assets. 

Interest due and accrued 

Rents due and accrued ....... 

Market value of stocks and bonds over cost 

Uncollected premiums on policies in force, $52,910 77 

Deferred premiums on policies in force . 81,811 68 



Total 

Deduct loading (20 per cent) . 

Net ain't uncollected and deferred prems 

Total assets per company's books 



$134,722 45 
26,944 49 



tt ,077,682 33 

3,017,544 04 

3,252,312 50 

1,422,402 54 

1,196,483 72 

1,693 31 

9,830 80 

19,977,949 24 



$127,808 06 

2,836 23 

131,867 78 



107,777 96 
$10,348,239 27 



1881.] 



OF OTHER STATES. 



63 



Liabilities. 

Computed premium reserve or net present value of all 
outstanding policies (Actuaries' 4 per cent) . 

Death losses and matured endowments in 

process of adjustment .... $207,341 00 

Claims resisted by the company . . 24,500 00 
Total policy-claims .... 

Unpaid dividends of surplus due policy-holders 

All other liabilities (estimated) 



Liabilities as to policy-holders . 
Surplus as regards special policy-holders . 
as regards general policy-holders, 
Gross surplus as regards policy-holders, 



1,495,180 00 



231,841 00 
58,059 86 
15,000 00 

i,800,080 86 



$28,111 14 
1,520,047 27 



Gross liabilities 



1,548,158 41 
$10,348,239 27 



Premium Note Account. 



Premium notes on hand Dec. 31, 1880 . $1,489,114 09 

received during 1881 . 71,862 95 

Total 

Used in payment of losses and claims . $54,047 58 
of surrendered policies, 

and voided by lapse . 46,591 12 
of dividends to policy- 
holders . . . 10,035 44 
Redeemed by maker in cash . . . 11,639 78 
Charged agents for collection . . . 16,260 58 
Total 



,560,977 04 



138,574 50 



$1,422,402 54 



Balance note assets Dec. 31, 1881 

Exhibit of Policies. 
Policies and Additions in Force Dec. 31, 1880. 

Number. Amount. 

Whole-life policies 10,238 $30,187,381 00 

Endowment policies 1,113 2,322,923 00 

Reversionary additions ..... - 97,821 00 

New Policies issued in 1881. 
Whole-life policies . 
Endowment policies 

Total number and amount 

Policies ceased to be in Force during the Year 

Terminated by death 

by maturity 

by purchase 

by lapse 

by change 
Not taken 

Total terminated 1,092 $3,096,324 00 



. 910 


2,425,381 00 


. 135 


317,257 00 


12,396 $35,350,763 00 


lie Year. 




Number 


Amount. 


. 193 


$573,465 00 


. 75 


168,753 00 


. Ill 


228,214 00 


. 397 


1,076,161 00 


. 157 


479,481 00 


. 159 


570,300 00 



64 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies in Force Dec. 81, 1881. 



Whole-life policies . 
Endowment policies 
Reversionary additions 

Totals 



Number. Amount. 

10,256 129,960,068 00 

1,048 2,200,649 00 

93,722 00 



11,304 $32,254,439 00 



Schedule A. 

Securities held as Collateral. 



New York Cent, and Hud. R. R.R. stock, 
New York Cent, and Hud. R. R.R. bonds, 
Chicago and North- Western R.R. stock 
Chicago and North- Western R R. bonds 
Western Union Telegraph Co. stock 
Western Union Telegraph Co. bonds 
Union Pacific Railroad stock . 
Union Pacific Railroad bonds . 
Erie Railroad bonds 
Oregon R.R. and Navigation Co. stock 
Oregon R.R. and Navigation Co bonds 
Central Pacific Railroad stock . 
Central Pacific Railroad bonds 
Chic, Rock Island, and Pac. R.R. stock 
Northern Pacific Railroad stock 
Del., Lack., and Western R.R. stock 
New Jersey Central Railroad stock . 
Lake Shore and Michigan So. R R stock 
Chicago, Burl., and Quincy R R. stock 
Denver and Rio Grande Railroad stock 
Morris and Essex Railroad stock 
Morris and Essex Railroad bonds 
Illinois Central Railroad stock 
St. Paul and Omaha Railroad stock 
St. Paul and Omaha Railroad bonds 
Delaware and Hudson Canal Co. stock 
Delaware and Hudson Canal Co. bonds 
St. L., Alton, and Terre Haute R.R. stock 
St Paul Railroad stock . 
St Paul Railroad bonds . 
Philadelphia and Reading R.R. stock 
Baltimore and Ohio Railroad bonds 
Wabash Railroad stock . 
\. Y , L. Erie, and Western R.R. stock 
Texas and Pacific Railroad bonds 
Wells, Fargo, & Co. Ex. Co. stock 
Michigan Central Railroad stock 
Michigan Central Railroad bonds 



Market value. 

$683,900 00 
13,400 00 

680,300 00 
23,200 00 

340,827 00 
2,360 00 

233,160 00 
11,360 00 

176,750 00 

167,500 00 
7,650 00 

165,600 00 
3,480 00 

121,830 00 

121,350 00 
82,550 00 
81,950 00 
81,200 00 
68,000 00 
61,150 00 
60,500 00 
23,560 00 
58,500 00 
54,000 00 
5,000 00 
42,800 00 
4,200 00 
42,500 00 
42,484 00 
10,220 00 
33,500 00 
33,000 00 
32,037 50 
32,000 00 
26,600 00 
26,400 00 
25,700 00 
2,480 00 



Amount loaned. 



1881.] 



OF OTHER STATES. 



65 



Clev., Col., Ciim., and Ind. R.R. stock 
Citizen's Bank stock 
Third Avenue Railroad stock . 
Louisville and Nashville Railroad stock 
Missouri Pacific Railroad stock 
Canada Southern Railroad bonds 
Kansas Pacific Railroad bonds . 
Rennsel. and Saratoga Railroad stock 
St. Louis and San Francisco R.R. bonds 
St. Louis and San Francisco R.R. stock 
United States bonds 
Shoe and Leather Bank stock . 
Rochester and Pittsburg Railroad bonds 
Chicago and Alton Railroad stock . 
Harlem Riv. and Pt. Chester R.R. bonds 
Bank of the Metropolis stock . 
Broadway Bank stock 
St. Paul and Manitoba Railroad stock 
Lehigh and Wilkesbarre Railroad bonds 
Ohio Central Railroad bonds . 
Houston and Texas Railroad stock . 
Boston, Hartford, and Erie R.R. bonds 
Eighth Avenue Railroad stock 
Manhattan Company stock 
Pacific Mail Steamship Company stock 
Little Miami Railroad bonds . 
Union Trust Company stock . 
Denver and South Park Railroad bonds 
Citizens' Insurance Company stock . 
Metropolitan Gas Company stock 
Gold and Stock Telegraph Co. bonds 
Citizens' Gas-Light Company stock . 



Market value. 

$21,900 00 

23,715 00 

20,000 00 

20,000 00 

20,000 00 

19,600 00 

18,890 00 

18,750 00 

18,400 00 

10,300 00 

16,011 50 

15,250 00 

14,850 00 

14,300 00 

12,000 00 

11,700 00 

11,025 00 

11,000 00 

11,000 00 

9,900 00 

8,500 00 

7,000 00 

6,045 00 

6,007 50 

4,100 00 

4,000 00 

4,000 00 

2,010 00 

1,900 00 

1,686 00 

1,000 00 

720 00 



Amount loaned. 



$4,051,588 50 $3,252,312 50 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds .... $624,722 60 



Virginia state bonds 
"Westchester county bonds 
New York city bonds 
New York county bonds . 
Brooklyn public park bonds 
50 shares Bank of Commerce 



4,500 00 

15,138 56 

325,755 66 

121,406 90 

100,500 00 

4,460 00 



Market value. 

$091,750 00 

7,235 00 

14,000 00 

336,306 50 

129,560 00 

142,000 00 

7,500 00 



,196,483 72 $1,328,351 50 



66 



LIFE INSURANCE COMPANIES [Dec. 31, 



METROPOLITAN LIFE INSURANCE COMPANY OF NEW 

YORK. 

[Incorporated January, 1866. Commenced business June, 1867.] 

Paid-up Capital, $100,000. 

Joseph F. Knapp, President. John R. Hegeman, Vice-Pres. and Sec'y. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company, 
as discount on claims paid in advance 
for rents of company's property . 

Total income 
Net or ledger assets, Dec. 31, 1880 

Total 



$859,056 51 

77,335 84 

5,012 35 

4,460 50 

30,273 64 

$976,138 84 

1,718,163 20 

$2,694,302 04 



Disbursements. 
Cash paid for losses and additions .... 
Premium notes or loans used in payment of same 
Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same 

Gross amount paid for losses and endowments . 
Cash paid for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse 

Cash dividends paid policy-holders, applied in payment 

of premiums 



Total paid policy-holders 

Cash paid for dividends to stockholders . 
for commissions to agents 
for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes . 
for taxes and fees ..... 

for rent . 

for commuting commissions in industrial branch 

for advertising and incidentals 

for expenses in industrial branch 

for depreciation 

Total disbursements 

Balance 



$263,694 31 

5,116 99 

79,019 05 

31,272 95 

$379,103 30 
52,505 21 

31,621 20 

2,162 12 

$465,391 83 

7,000 00 

98,637 06 

92,067 42 

10,230 85 

37,776 30 

7,603 88 

22,529 13 

95,108 51 

29,476 76 

83,358 94 

3,750 84 

$952,931 52 
1,741,370 52 



1881.] OF OTHER STATES. 67 

Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate $339,626 92 

Loans on mortgage of real estate (first liens) . . . 546,500 00 

on collateral security (schedule A) 80,691 98 

Premium notes or loans on policies in force . . . 197,298 48 

Cost value of stocks and bonds owned (schedule B) . . 508,852 57 

Cash in company's office 2,510 67 

deposited in Bank 52,050 92 

Bills receivable (secured) 2,000 00 

Office furniture ........ 8,088 15 

Commuted commissions ....... 3,750 83 



Ledger assets (as per balance) ..... $1,741,370 52 

Other Assets. 

Interest due and accrued $8,664 95 

Rents due and accrued . , . . . . . 4,530 89 

Market value of real estate over cost .... 52,123 08 

of stocks and bonds over cost . . . 65,567 43 

Uncollected premiums on policies in force, $69,209 34 
Deferred premiums on policies in force . 74,077 15 



Total $143,286 49 

Deduct loading (20 per cent) . . . 28,657 30 

Net am' t of uncollected and deferred prems. 114,629 19 



Total assets per company's books .... $1,986,886 0,6 

Items not admitted. 

Office furniture, etc $8,088 15 

Commuted commissions .... 3,750 83 

Total . 11,838 98 



Total admitted assets $1,975,047 08 

Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . . . $1,601,100 00 

Losses and endowments unpaid 24,500 00 

Deferred and unpaid prems. and liens in excess of reserve, 9,815 00 

Special reserve 60,000 00 

Liabilities as to policy-holders $1,695,415 00 

Surplus as regards policy-holders 279,632 -08 

Gross liabilities $1,975,047 08 

Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $242,187 26 
received during 1881 . 23,122 36 
Total $265,309 62 



68 



LIFE INSURANCE COMPANIES [Dec. 31, 

$36,389 94 



Used in payment of losses and claims 

of surrendered policies, 

and voided "by lapse . 
Total 



31,621 20 



Balance note assets, Dec. 31, 1881 . 

Exhibit of Policies. 



$68,011 14 
$197,298 48 



"Whole-life policies 
Endowment policies 
All other policies 



Policies and Additions in Force Dec. 31, 1880. 

dumber. Amount. 

6,311 $9,794,717 00 



New Policies issued in 1881. 



Whole-life policies . 
Endowment policies 
All other policies 

Total number and amount 



544 


225,799 00 


40 


42,963 00 


194 


271,251 00 


5 


4,550 00 


3 


4,557 00 



7,097 $10,343,837 00 



Policies ceased to be in Force during (lie Year. 





Number. 


Amount. 


Terminated by death .... 


. 


109 


$138,306 00 


by maturity . 


. 


144 


110,292 00 


by surrender .... 


. 


150 


206,201 00 


by lapse .... 


. 


345 


411,652 00 


change and decrease 


. 


8 


20,500 00 






16 


23,153 00 


Total terminated .... 


• • 


772 


$910,104 00 


Policies in Force Dec. 


31, 1881. 








Number. 


Amount. 



Whole-life policies . 
Endowment policies 
All other policies 

Totals 
Industrial policies in force 



5,989 $9,303,020 00 

300 91,193 00 

36 39,520 00 



6,325 $9,433,733 00 
190,348 $17,894,620 00 



Schedule A. 



Securities held as Collateral. 

Market value. 



Kings county (N.Y.) bonds 

Brooklyn city bonds 

Delaware and Hudson canal bonds 

Erie Railroad bonds 

United States bonds 



$16,500 00 j 

10,400 00 ; 

6,000 00 

25,450 00 I 

29,656 25 > 



Amount loaned. 

$24,000 00 

5,000 00 
51,691 98 



$88,006 25 $80,691 98 



1881.] 



OF OTHER STATES. 



69 



Brooklyn city bonds 
Rochester city bonds 
Peekskill city bonds 
Lockport city bonds 
Jersey city bonds 
United States bonds 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

$100,791 76 



97,152 51 

25,872 60 

43,587 40 

48,160 27 

193,288 03 



Market valne. 

$112,890 00 

119,700 00 

31,000 00 

48,400 00 

48,375 00 

214,055 00 



$508,852 57 $574,420 00 



MUTUAL LIFE INSURANCE COMPANY OF NEW YORK. 

[Incorporated April, 1842. Commenced business Feb. 1, 1843.] 

F. S. Winston, President. Isaac F. Lloyd, Secretary. 

Note bt the Company. — Whenever the term " Cash" is used in this statement, it 
means money in hand or its equivalent in the company's money obligations. 

Income. 
Total premium income $12,196,624 62 

Cash received for interest on stocks, bonds, and loans . 4,250,480 05 

for interest on other debts due the company, 571,217 48 



for rents of company's property 

Total income 

Net or ledger assets Dec. 31, 1880 . 

Total ....... 

Disbursements. 

Cash paid for losses and additions . 

Cash paid for matured endowments and additions 

Gross amount paid for losses and endowments 
Cash paid to annuitants ..... 
for surrendered policies and additions 
dividends paid policy-holders, applied in payment of 
premiums ....... 

Total paid policy-holders ..... 
Cash paid for commissions to agents 

for salaries and expenses of law department 

for medical examiner's fees and expenses 

for salaries of officers and office employes 

for taxes and fees 

for rent . 

for contingent guarantee account 

for advertising 

for incidentals . 

Total disbursements . 

Balance 



229,794 21 



$17,218,116 36 
87,128,241 30 



$104,376,357 66 

$4,460,205 91 
1,905,167 58 

$6,365,373 49 

24,094 80 

3,303,247 98 

2,947,395 85 

$12,640 112 12 
774,032 88 
127,615 69 

83,902 38 

265,699 67 

346,709 27 

6,000 00 

204,564 35 

04,952 45 
244,354 88 



$14,757,943 69 



$89,618,413 97 



LIFE INSURANCE COMPANIES [Dec. 31, 



Invested in the following: — 

Assets as per Ledger Accounts. 

Present value of real estate .... 
Loans on mortgage of real estate (first liens) . 

on collateral security (schedule A) 
Par value of stocks and bonds owned (schedule B) 
Cash deposited in bank 

Ledger assets (as per balance) . 



Other Assets. 
Interest due and accrued .... 
Market value of stocks and bonds over par 
Uncollected premiums on policies in force, 
Deferred premiums on policies in fonce 

Total 

Deduct loading (20 per cent) . 

Net atn't uncollected and deferred prems 

Total assets per company's books 



$7,302,749 01 
47,565,849 23 
16,615,000 00 
16,342,800 00 
1,792,015 73 

$89,618,413 97 



$1,223,017 64 
2,879,230 00 



$98,337 76 
883,958 55 

$982,296 31 
196,459 26 



785,837 05 
. $94,506,498 66 



. $86,842,013 00 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent) 

Death losses due and unpaid . . . $123,283 00 

Death losses and matured endowments in 

process of adjustment .... 738,372 36 

Claims resisted by the company . . 164,366 00 

Total policy claims .... 1,026,021 36 

Due to agents 3,773 74 

Premiums paid in advance 19,364 78 



Liabilities as to policy-holders 
Surplus as regards tontine policy-holders, 
Surplus as regards other policy-holders . 

Gross-surplus as regards policy-holders, 

Gross liabilities .... 



. $87,891,172 88 
$197,683 64 
6,417,642 14 
6,615,325 78 



. $94,506,498 66 



Exhibit of Policies. 
Policies and Additions in Force Dec. 31, 1880. 

Number. Amount. 

Whole-life policies 82,677 $243,581,238 00 

Endowment policies 15,204 36,876,007 00 

All other policies 97 109,775 00 

Reversionary additions - 25,435,144 00 



New Policies issued in 1881. 



AVhole-life policies . 
Endowment policies 
All other policies 



6,351 17,332,890 00 

3,502 10,056,865 00 

7 4,510 00 



1881.] 



OF OTHER STATES. 



71 



Old Policies revived during the Year. 



Whole-life policies . 
Endowment policies 
All other policies 
Endowment policies changed 
Additions by dividends . 

Total number and amount 



Number. 


Amount. 


. 581 


$1,796,020 00 


. 90 


306,000 00 


1 


1,000 00 


. 75 


87,205 00 


. 


5,176,265 00 



108,585$340,762,919 00 



Policies ceased to be in Force during the Year. 

Number. 

Terminated by death 1,312 

by maturity . 

by surrender 

by lapse 

by change and decrease 



Not taken 

Total terminated 



. 605 

1,803 

2,042 

75 

1,258 



Amount. 

$4,574,201 00 
1,905,168 00 
9,196,259 00 
5,150,394 00 
266,105 00 
3,770,655 00 



7,095 $24,862,782 00 



Whole-life policies . 
Endowment policies 
All other policies 



Reversionary additions 
Totals 



Policies in Force Dec. 31, 1881. 

Number. Amount. 

84,4831248,063,058 00 

16,993 42,461,862 00 

14 6,700 00 

- 25,368,517 00 



101,490 $315,900,137 00 



Schedule A. 

Securities held as Collateral. 

Market value. 

. $2,702,104 00 



Amount loaned. 



Union Pacific Railroad stock . 
Union Pacific Railroad bonds . 
Chicago, Mil., and St. Paul R.R. stock . 
Chicago, Mil., and St. Paul R.R. bonds . 
Chicago and North- West. Railroad Stock, 
Chicago and North- West. Railroad bonds, 
Western Union Telegraph Co. stock 
Western Union Telegraph Co. bonds 
Central Pacific Railroad stock . 
Central Pacific Railroad bonds 
Louisville and Nashville Railroad stock 
Louisville and Nashville Railroad bonds 
Chic, Rock Island, and Pac. R.R. stock 
Chicago, Burl., and Quincy R.R. stock 
Chicago, Burl., and Quincy R.R. bonds 
Chicago, St. Paul, and Omaha R.R. stock, 
Chicago, St. Paul, and Omaha R.R. bonds, 
New Jersey Central Railroad stock . 



84,340 00 

1,919,768 00 

483,180 00 

1,504,945 00 

306,200 00 

1,318,273 00 

6,000 00 

899,300 00 

156,150 00 

762,550 00 

452,890 00 

756,228 00 

660,960 00 

6,000 00 

594,000 00 

165,000 00 

552,370 00 



72 



LIFE INSURANCE COMPANIES [Dec. 31, 



New Jersey Central Railroad bonds 
Del., Lack., and Western 11. R. stock 
New York Cent, and II. II. R.R. stock 
New York Cent, and II. 11. R.R. bonds 
United States bonds 
Delaware and Hudson Canal stock . 
Illinois Central Railroad stock 
Pullman Palace Car Company stock 
Oregon Railroad and Nav. Co. stock 
Oregon Railroad and Nav. Co. bonds 
Missouri Pacific Railroad stock 
Missouri Pacific Railroad bonds 
Lake Shore and Michigan So. R.R. stock 
Kansas Pacific Railroad bonds . 
NY., Lake Erie, and Western R R. b'ds 
Missouri, Kan., and Texas R.R. bonds 
Hannibal and St. Joseph Railroad stock 
Hannibal and St. Joseph Railroad bonds 
Evansville and Terre Haute R.R. bonds 
Michigan Central Railroad bonds 
Michigan Central Railroad stock 
Metropolitan Elevated Railroad stock 
Metropolitan Elevated Railroad bonds 
Chicago and Alton Railroad stock . 
Gal., liar., and San Antonio R.R. bonds 
New York Elevated Railroad stock . 
New York Elevated Railroad bonds 
Erie Railroad bonds 
Erie Railroad stock . . . 
Ohio Central Railroad bonds . 
Denver and Rio Grande Railroad bonds 
Morris and Essex Railroad stock 
Southern Pacific of Missouri R.R. bonds 
St. Louis and San Francisco R.R. stock 
St. Louis and San Francisco R.R. bonds 
Nash., Chat., and St. Louis R.R. bonds 
Texas Pacific Railroad bonds . 
Cincinnati Hospital bonds 
Northern Pacific Railroad bonds 
Clev., Col , Cinn., and Ind. R.R. bonds 
Clev., Col., Cinn., and Ind. R It. stock 
South Pacific of California R.R. bonds 
Lehigh and Willcesbarre Railroad bonds 
Ind., Bloomington, and West It It. bonds 
New Orleans and Pacific Railrqad bonds 
Central Railroad of Georgia bonds . 
Atch., Top., and Santa Fe R.R. stock 
Atch., Top., and Santa Fe R.R. bonds 



Market value. Amount loaned 


|180 


9G0 


00 


419 


100 00 


412 


650 00 


138 


000 00 


36S 


792 


50 


315 


600 


00 


340, 


600 00 


340 


340 


• 00 


53S 


530 


00 


10 


900 


00 


335 


S25 


00 


3 


,210 


00 ' * 


309 


G20 00 


228 


320 00 


220 


320 00 


197 


270 


00 


105 


000 00 


101 


370 


00 


15S 


000 


00 


143 


740 00 


42 


,054 


00 


141 


040 00 


50 


470 


00 


13G 


500 


00 


135 


000 


00 


129 


470 00 


Gl 


360 00 


122 


300 


00 


4 


100 00 


115 


000 


00 


113 


2S0 


00 


78 


,650 00 


78 


2S0 


00 


71 


240 00 


14 


400 00 


61 


960 


00 


64 


000 


00 


60 


,000 


00 


59 


000 


00 


52 


170 


00 


50 


400 


00 


41 


600 


00 


39 


590 


00 


39 


100 00 


35 


310 00 


34 


500 00 


32 


148 


00 


24 


700 


00 



1881.] 



OF OTHER STATES. 



73 



Panama Railroad stock . 
Panama Railroad bonds . 
Tona. and Cuba Railroad bonds 
Denver and South Park Railroad bonds . 
St. Louis, Wabash, and Pac. R.R. bonds, 
St. Louis, Wabash, and Pac. R.R. stock, 
Harlem Railroad stock 
Adams Express Company stock 
Ohio and Miss. Railroad bonds 
Ohio and Miss. Railroad stock 
Ontario and Western Railroad stock 
Georgia Railroad and Banking Co. bonds 
United States Express Company stock 
United Railroad of New Jersey stock 
Buffalo and South-West. Railroad bonds 
Houston and Texas Railroad bonds . 
Cleveland and Pittsburg Railroad stock 
St. Louis, Jack., and Chic. R.R. bonds 
Ohio Southern Railroad bonds 
Cairo, Ark., and Texas Railroad bonds 
Mechanics' National Bank stock 
Cincinnati city bonds 
Chicago and Eastern Illinois R.R. bonds 
Alton and Terre Haute Railroad stock 
Pennsylvania Railroad bonds . 
Ced. Rap., Iowa F., and Neb. R.R. b'ds 
Lafay., Bloom., and Muncie R.R. bonds 
St. Paul and Sioux City Railroad bonds 
Pacific Mail Steamship Company stock 
Sciota Valley Railroad bonds . 
Delaware and Hudson Canal bonds . 
Chesapeake and Ohio Railroad bonds 
St. Louis, Iron Mt., and So. R.R. bonds 
St. P., Minn., and Manitoba R.R. bonds, 
Chicago and Fort Wayne Railroad bonds, 
Indianap., Deca., and Sp'gf'd R.R. b'ds . 
Central Iowa Railroad bonds . 



Market value. 

131,680 00 

22.909 00 
30,000 00 
25,750 00 
25,500 00 

6,800 00 
25,000 00 
21,750 00 
18,000 00 

9,500 00 
18,900 00 
17,600 00 
17,500 00 
17,100 00 
16,500 00 

13.910 00 
13,000 00 
11,700 00 
11,040 00 
11,000 00 
10,530 00 
10,000 00 

8,480 00 
8,500 00 
8,000 00 
6,360 00 
6, ISO 00 
5,500 00 
4,100 00 
4,000 00 
3,540 00 
2,700 00 
2,500 00 
2,200 00 
1,400 00 
1,040 00 
500 00 



Amount loaned. 



$20,635,7S6 50 116,615,000 00 



Schedule B. 
Stocks and^Bonds owned oy the Company. 

Par value. 

United States bonds .... $3,730,100 00 



Missouri state bonds 
Massachusetts state bonds 
Texas state bonds . 
Union county (N.J.) bonds 



379,000 00 

150,000 00 

500,000 00 

89,000 00 



Market value. 

$4,242,970 00 

442,090 00 

173,385 00 

652,500 00 

98,290 00 



10 



74 



LIFE INSURANCE COMPANIES [Dec. 31, 



Middlesex county (X.J.) bonds 

Hudson county (X.J.) bonds 

Essex county (X.J.) bonds 

Milwaukee city bonds 

Cherry Valley town bonds 

Yonkers town bonds 

Xorth Plainfield town bonds 

New York city bonds 

Brooklyn city bonds 

Buffalo city bonds . 

Elmira city bonds . 

Boston water bonds 

San Francisco city bonds 

Providence city bonds 

Newark city bonds . 

New Brunswick (X.J.) bonds 

Elizabeth city bonds 

Jersey city bonds 

Michigan Central Railroad bonds 

Lake Eie and Western Railroad bonds 

Clew, Col., Cinn., and Ind. R.R. bonds 

Chic, Milwaukee, and St. Paul R.R. b'ds 

Delaware and Hudson Canal bonds 

Syracuse, Binghamton, and X. Y. R.R. b'ds 

Indianap., Deca., and Sp'gf'd R R. b'ds 

Lafay., Bloom., and Muncie R.R. bonds 

South Pacific of Missouri Railroad bonds 

Cincinnati and Springfield R.R. bonds 

Albany and Susquehanna R R. bonds 

Cinn., Hamilton, and Day. R.R. bonds 

Chicago and South-West. Railroad bonds 

Chic, St. Paul, Minn., and O. R.R. b'ds 

Cedar Rapids Railroad bonds . 

Flint and Pere Marquette Railroad bonds 

Xew York, Lack., and Western R.R b'ds 



Par value. 

85,000 00 

118,000 00 

8,000 00 

175,000 00 

41,000 00 
118,000 00 

21,000 00 

2,753,200 00 

1,253,000 00 

140,500 00 

50,000 00 

1,000,000 00 

590,000 00 

500,000 00 

675,000 00 

15,500 00 

12,000 00 

29,000 00 
250,000 00 
125,000 00 
212,000 00 
422,000 00 
387,000 00 
138,000 00 
200,000 00 
125,000 00 

94,000 00 
173,000 00 
100,000 00 
269,000 00 
397,500 00 
200,000 00 
148,000 00 
250,000 00 
500,000 00 



Market value. 

$5,350 00 

139,250 00 

8,280 00 

208,320 00 

42,435 00 
155,800 00 

21,000 00 

3,349,930 00 

1,703,255 00 

150,053 00 

57,000 00 

1,177,500 00 

607,700 00 

580,000 00 

787,750 00 

17,050 00 
6,000 00 

32,190 00 
263,500 00 
128,750 00 
262,880 00 
493,670 00 
488,820 00 
168,360 00 
208,000 00 
128,750 00 
100,580 00 
206,510 00 
126,000 00 
312,430 00 
494,887 00 
200,000 00 
153,920 00 
283,125 00 
543,750 00 



516,342,800 00 $19,222,030 00 



MUTUAL BENEFIT LIFE INSURANCE COMPAXY OF 

NEWARK, N.J. 

[Incorporated Jan. 31, 1845. Commenced business April, 1S45.] 

A.m/.i Dodd, President. Edward L. Dobbins, Secretary. 

Income. 

Total premium income $4,000,302 46 

ii received for interest on stocks, bonds, and loans . 1,740,184 26 
for interest on other debts due the company, 66,938 95 



1881.] 



OF OTHER STATES. 



75 



Cash received as discount on claims paid in advance 
for rents of company's property 

Total income 

Net or ledger assets, Dec. 31, 1880 . 



Total 

Disbursements. 
Cash paid for losses and additions .... 
Premium notes or loans used in payment of same . 
Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same . 

Gross &nount paid for losses and endowments . 

Cash paid to annuitants 

for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse .... 

Cash surrender values, including reconverted additions 
applied in payment of premiums 
dividends paid policy-holders, $153,734.21; applied 
in payment of premiums $1,183,209.72 
Premium notes or loans used in payment of dividends 

Total paid policy-holders ..... 

Cash paid for commissions to agents 

for salaries and travelling expenses of agents 

for medical examiner's fees 

for salaries of officers and office employes 

for taxes and fees . . . , . 

for furniture and office fixtures 

for incidentals ...... 

Profit and loss 



Total disbursements . 



Balance 

Invested in the following: — 

Assets as per Ledger Accounts. 
Cost value of real estate ..... 
Loans on mortgage of real estate (first liens) . 

on collateral security (schedule A) 
Premium notes or loans on policies in force 
Par value of stocks and bonds owned (schedule B) 
Cash in company's office ..... 
deposited in bank ..... 
Agents' ledger balances ..... 
Rents accrued 

Ledger assets (as per balance) . 
Deduct possible depreciation of real estate 

Total net or ledger assets .... 



$3,147 66 
2,650 00 

$5,813,223 33 
32,953,797 82 

$38,767,021 15 

$2,195,036 58 

122,064 78 

367,806 04 

24,291 24 

$2,709,198 64 

7,033 60 

163,967 52 

116,371 13 

204,540 45 

1,336,943 93 
57,324 94 

$4,595,380 21 

362,749 17 

13,408 96 

33,795 12 

92,034 48 

59,065 82 

1,070 71 

133,237 90 

286,657 16 

$5,577,399 53 

$33,189,621 62 



$2,738,602 82 

7,088,736 62 

4,440,000 00 

3,915,269 51 

13,977,125 79 

168,738 22 

826,347 38 

33,758 78 

1,042 50 

$33,189,621 62 
100,000 00 

$33,089,621 62 



76 



LIFE INSURANCE COMPANIES [Dec. 31, 

Other Assets. 



Interest due and accrued 

Market value of stocks and bonds over par 

Uncollected premiums on policies in force, $72,330 01 

Deferred premiums on policies in force . 186,849 35 

Total $259,179 36 

Deduct loading (20 per cent) . . . 51,835 87 
Net am't uncollected and deferred prems 



$623,298 25 
1,832,307 00 



Total assets per company's books 

Item not admitted. 
Agents' balances 

Total admitted assets .... 



207,343 49 
$35,752,570 36 

33,758 78 

$35,718,811 58 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . . . $32,053,676 00 

Death losses and matured endowments in 

process of adjustment .... $549,528 00 

Claims resisted by the company . . 15,000 00 



Total policy claims . 
Unpaid dividends of surplus due policy-holders 
Premiums paid in advance .... 

Liabilities as to policy-holders . 
Surplus as regards policy-holders 

Gross liabilities ..... 



564,528 00 

19^,484 08 

7,782 44 

$32,816,470 52 
2,902,341 06 

$35,718,811 58 



Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $4,112,235 59 

received during 1881 . 167,779 02 

Total 

Used in payment of losses and claims . $146,356 02 
of surrendered policies, 

and voided by lapse . 116,371 13 
of dividends to policy- 
holders . . . 57,324 94 
Redeemed by maker in cash . . . 44,693 01 
Total 



$4,280,014 61 



Balance note assets Dec. 31, 1881 



364,745 10 
. $3,915,269 51 



Exhibit of Policies. 
Policies and Additions in Force Dec. 31, 1880. 

Number. Amount. 

Whole-life policies 40,151 $111,841,652 00 

Endowment policies 3,573 7,803,027 00 

All other policies 626 1,822.300 00 



1881.] 



OF OTHER STATES. 



77 



New Policies issued in 1881. 



Whole-life policies , 
Endowment policies 
All other policies 



Number. Amount. 

3,801 $10,361,585 00 

1,165 2,836,988 00 

411 1,212,650 00 



Old Policies revived during the Year. 

Whole-life policies 27 81,700 00 

Endowment policies ...... 3 5,100 00 

Old Policies increased during the year. 

Whole-life policies 1 20,540, 00 

Endowment policies 1 5,375 00 



Total number and amount 



49,759$135,990,917 00 



Policies ceased to be in Force during the Year. 

Number. Amount. 

Terminated by death 744 $2,387,669 00 

by maturity 145 389,148 00 

by expiry 25 86,600 00 

by surrender 390 786,795 00 

by lapse 743 1,566,625 00 

by change and decrease . . . 644 2,327,703 00 
416 1,034,700 00 



Not taken 

Total terminated, 



3,107 $8,579,240 00 



Policies in Force Dec. 81, 1881. 



Whole-life policies , 
Endowment policies 
All other policies 

Totals 



Number. Amount. 

41,4441115,136,435 00 

4,261 9,529,9^2 00 

947 2,745,250 00 



46,652l$127,411,677 00 



United States bonds 



Schedule A. 

Securities held as Collateral. 

Market value. 

. $4,722,425 00 
Schedule B. 



United States bonds 
Massachusetts state bonds 
Essex county (N.J.) bonds 
Union county (N.J.) bonds 
Brooklyn city (N.Y.) bonds 
Auburn city (N.Y.) bonds 
Utica city (N.Y.) bonds . 
Erie city (N.Y.) bonds . 
Cleveland city (Ohio) bonds 



Stocks and Bonds owned by the Company. 

Par value. 

$4,967,000 00 

800 00 

1,697,500 00 

116,000 00 

50,000 00 

150,000 00 

145,000 00 

152,000 00 

521,000 00 



Amount loaned. 

$4,440,000 00 



Market value. 

$6,218,425 00 

800 00 

1,942,795 00 

121,170 00 

56,000 00 

164,250 00 

153,350 00 

179,360 00 

586,630 00 



78 



LIFE INSURANCE COMPANIES [Dec. 31, 



Toledo city (Ohio) bonds 

Sandusky city (Ohio) bonds 

Springfield city (111.) bonds 

South Bend city (Ind.) bonds 

Lafayette city (Ind.) bonds 

Newark city (N.J.) bonds 

Orange city (N.J.) bonds 

East Orange city (N.J.) bonds 

A Vest Orange city (N.J.) bonds 

South Orange city (N.J.) bonds 

Milburn city (N.J.) bonds 

Jersey City city (N.J.) bonds 

Dover city (N.J.) bonds 

New Brunswick city (N.J.) bonds 

Elizabeth city (N.J.) bonds 

Railway city (N.J.) bonds 

Elizabeth city (N.J.) tax loan 

Newark and N. Y. R.R. mort. bonds 

Pemberton and N. Y. R.R. mort. bonds 



Par value. 

5173,000 00 

100,000 00 

89,000 00 

61,500 00 

160,000 00 

3,190,000 00 

80,000 00 

49,113 93 

135,500 00 

2,000 00 

3,600 00 

50,000 00 

4,000 00 

14,000 00 

955,000 00 

112,000 00 

51,111 86 

573,000 00 

375,000 00 



Market value. 

$221,440 00 

114,000 00 

89,000 00 

66,420 00 

206,400 00 

3,653,400 00 

92,900 00 

49,778 93 

165,570 00 

2,060 00 

3,672 00 

54,500 00 

4,080 00 

15,400 00 

477,500 00 

33,600 00 

51,111 86 

624,570 00 

461,250 00 



$13,977,125 79 $15,809,432 79 



NATIONAL LIFE INSURANCE COMPANY OF MONTPELIER, 

VERMONT. 

[Incorporated Nov. 13, 1848. Commenced business Feb. 1, 1850.] 

Charles Dewey, President. George W. Reed, Secretary. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company, 
as discount on claims paid in advance 
for rents of company's property 



Total income 
Net or ledger assets Dec. 31, 1880 



Total 



Disbursements. 
Cash paid for losses and additions . 
Premium notes or loans used in payment of same 
Cash paid for matured endowments and additions 

Gross amount paid for losses and endowments 
Cash paid to annuitants ..... 
paid for surrendered policies . 



$293,480 82 

110,690 67 

7,533 12 

888 50 

9,785 00 

$422,378 11 

2,295,773 90 

$2,718,152 01 



$83,927 33 

691 88 

23,160 04 

$107,779 25 

2,366 31 

28,677 49 



1881.] 



OF OTHER STATES. 



79 



Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse . 

Cash dividends paid policy-holders, applied in payment of 

premiums 

Premium notes or loans used in payment of dividends 

Total paid policy-holders 

Cash paid for commissions to agents 

for salaries and travelling expenses of agents 

for medical examiner's fees 

for salaries of officers and office employes 

for taxes and fees 

for rent . . . . . . • . 

for furniture and office fixtures 

for advertising and printing 

for incidentals 

Total disbursements 



Balance 



$118 00 

60,824 05 
144 58 



$199,909 68 


21,678 79 


5,733 53 


2,450 00 


10,500 00 


6,945 51 


3,339 13 


400 00 


1,862 76 


6,264 47 


$259,083 87 



^2,459,068 14 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate 

Loans on mortgage of real estate (first liens) . 
on collateral security (schedule A) 
on company's policies assigned as collateral 
Premium notes or loans on policies in force 
Par value of stocks and bonds owned (schedule B) 
Cash in company's office ..... 
deposited in bank ..... 
Agents' ledger balances 

Ledger assets (as per balance) . 

Other Assets. 

Interest due and accrued 

Market value of stocks and bonds over par 

Uncollected premiums on policies in force, $10,617 28 

Deferred premiums on policies in force . 19,481 00 



Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 



$30,098 28 
6,019 66 



Item not admitted. 



Agents' balances 

Total admitted assets 



$244,720 27 

591,547 26 

9C,700 00 

25,232 08 

21,975 80 

1,340,971 18 

1,845 29 

123,493 53 

18,582 73 

12,459,068 14 



46,244 94 
64,125 00 



24,078 62 



^2,593,516 70 



18,582 73 
. $2,574,933 97. 



80 



LIFE INSURANCE COMPANIES [Dec. 31, 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent) 

Death losses and matured endowments in 
process of adjustment .... $15,500 00 

Claims resisted by the company . . 10,000 00 
Total policy claims .... 

Unpaid distributions of surplus due policy-holders 

Premiums paid in advance, etc. 

Liabilities as to policy-holders . 
Surplus as regards policy-holders 

Gross liabilities 



$1,681,963 00 



25,500 00 

87,471 27 

100,000 00 

$1,894,934 27 
679,999 70 

$2,574,933 97 



Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $21,634 69 

received during 1881 . 2,378 32 

Total $24,013 01 

Used in payment of losses and claims . $691 88 
of surrendered policies, 

and voided by lapse . 118 00 
of dividends to policy- 
holders ... 144 58 
Redeemed by maker in cash . . . 1,0S2 75 

Total 2,037 21 

Balance note assets Dec. 31, 1881 .... $21,975 80 

Exhibit of Policies. 
Policies and Additions in Force Dec. SI, 1880. 

Number. Amount. 

Whole-life policies 3,743 $7,707,720 00 

Endowment policies 537 887,572 00 

All other policies 15 52,280 00 

Reversionary additions ..... - 69,871 00 



New Policies issued in 1881. 

Whole-life policies 

Endowment policies ..... 

All other policies ...... 

Old Policies increased during the Year. 

Whole-life policies increased during the year . 
Additions by dividends . . . 

Total number and amount 



. 260 


649,450 00 


. 602 


767,000 00 


3 


15,500 00 


Year. 




— 


1,675 00 


. 


1,785 00 



5,160 $10,152,853 00 



1881.] 



OF OTHER STATES. 



81 



Policies ceased to be in Force 


during 


the Year. 








Number. 


Amount. 


Terminated by death .... 




. 47 


$84,729 00 


by maturity .... 




. 14 


23,050 00 


by expiry .... 




7 


17,890 00 


by surrender .... 




. 120 


220,394 00 


by lapse .... 




. 39 


77,500 00 


by change and decrease 




1 


18,370 00 


Not taken ...... 




. 88 
. 316 


194,560 00 


Total terminated .... 


$636/493 00 



Policies in Force Dec. 31, 1881. 



Whole-life policies . 
Endowment policies 
All other policies 
Reversionary additions 

Totals 



Xumher. Amount. 

3,774 $7,839,500 00 

1,058 1,553,962 00 

12 53,500 00 

69,398 00 



4,844 $9,516,360 00 



Vermont National Bank . 
St. Albans Trust Company 
National Bank of Rutland 
Farmers' National Bank, Vergennes 
Vermont Marble Company 
Lane Manufacturing Company 



Schedule A. 
Securities held as Collateral. 

Market value. 

$16,114 00 
29,149 00 



18,000 00 

16,500 00 

50,000 00 

3,000 00 



Amount loaned. 

$10,000 00 
24,300 00 
15,000 00 
15,000 00 
25,000 00 
1,400 00 



$132,763 00 $90,700 00 



Schedule B. 



Stocks and Bonds 



United States bonds 
Maine state bonds . 
New Hampshire state bonds 
Missouri state bonds 
Boston city bonds 
Lawrence city bonds 
Worcester city bonds 
Fitchburg city bonds 
Chelsea city bonds . 
Beverly city bonds . 
Somerville city bonds 
Buffalo city bonds . 
Burlington city bonds 
11 



owned by the Company. 

Par value. 

$300,000 00 
2,000 00 
15,000 00 
11,000 00 
10,000 00 
20,000 00 
20,000 00 
60,000 00 
73,000 00 
25,000 00 
30,000 00 
10,000 00 
60,000 00 



Market value. 

$347,370 00 
2,000 00 
15,000 00 
11,000 00 
10,000 00 
20,000 00 
20,000 00 
60,000 00 
73,000 00 
25,000 00 
30,000 00 
10,000 00 
60,000 00 



82 



LIFE INSURANCE COMPANIES [Dec. 31, 



Indianapolis city bonds 

Springfield city bonds 

Meriden city bonds . 

Minneapolis city bonds 

Stillwater city bonds 

Appleton city school bonds 

Burlington city bonds 

Clinton city bonds . 

Niles oity bonds 

East Saginaw city bonds 

Piqua city bonds 

St Lonis city bonds . 

St. Louis county bonds 

Peoria county bonds 

Cook county bonds . 

Scituate (Mass ) town bonds 

Montpelier (Vt.) town bonds 

Highgate (Vt.) town bonds 

Essex (Vt.) town bonds . 

Jericho (Vt.) town bonds 

Wolcott (Vt.) town bonds 

Hyde Park (Vt.) town bonds 

Underhill (Vt.) town bonds 

St. Johnsbury (Vt.) town bonds 

Brandon (Vt.) town bonds 

Jamaica (Vt.) town bonds 

Scran ton town bonds 

Fairfax town bonds 

Sheldon town bonds 

Bakersfield town bonds 

Arlington town bonds 

Jay town bonds 

St. Albans village bonds 

Vermont Marble Company bonds 

Vermont Mutual Fire Ins. Co. accept'ces 

First National Bank, Montpelier 

Montpelier National Bank 



Par value. 

$25,000 00 

18,200 00 

43,000 00 

3,500 00 

30,000 00 

15,000 00 

10,000 00 

5,000 00 

20,000 00 

20,000 00 

10,000 00 

13,000 00 

32,000 00 

22,000 00 

5,000 00 

6,500 00 

30,000 00 

50,000 00 

20,000 00 

23,000 00 

24,500 00 

48,000 00 

17,000 00 

31,000 00 

21,500 00 

4,000 00 

5,000 00 

4,400 00 

5,000 00 

6,000 00 

■ 20,000 00 

7,000 00 

67,000 00 

10,000 00 

4,071 18 

26,000 00 

3,300 00 



Market value. 

$25,000 00 

18,200 00 

43,000 00 

3,500 00 

30,000 00 

15,000 00 

10,000 00 

5,000 00 

20,000 00 

20,000 00 

10,000 00 

13,0C0 00 

32,000 00 

22,000 00 

5,000 00 

6,500 00 

30,000 00 

50,000 00 

20,000 00 

23,000 00 

24,500 00 

48,000 00 

17,000 00 

31,000 00 

21,500 00 

4,000 00 

5,000 00 

4,400 00 

5,000 00 

6,000 00 

20,000 00 

7,000 00 

67,000 00 

10,000 00 

4,071 18 

41,600 00 

4,455 00 



,340,971 18 $1,405,096 18 



1881.] 



OF OTHER STATES. 



83 



NEW YORK LIFE INSURANCE COMPANY OF NEW YORK. 

[Incorporated 1841. Commenced business 1845.] 

Morris Franklin, President. Wm. H. Beers, Vice-Pres. and Actuary. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company 
for rents of company's property 
for profits on real estate sold 

Total income ...... 

Net or ledger assets Dec. 31, 1880 . 



Total 



$7,834,378 13 

2,074,597 01 

124,254 94 

153,887 43 

145,827 52 

$10,332,945 03 
40,394,128 36 

$50,727,073 39 



Disbursements. 

Cash paid for losses and additions .... 
Premium notes or loans used in payment of same . 
Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same . 

Gross amount paid for losses and endowments . 
Received for losses and claims on policies re-insured 

Net amount paid for losses and endowments 

Cash paid to annuitants 

for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse .... 

Cash dividends paid policy-holders, applied in payment of 

premiums 

Premium notes or loans used in payment of dividends 

Total paid policy-holders 

Cash paid for commissions to agents 

for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 
for taxes and fees ..... 

for advertising 

for incidentals ...... 

Total disbursements 



Balance $44,159,558 09 



$2,024,951 05 

16,752 27 

563,544 32 

1,380 64 

$2,606,628 28 

28,500 00 



$2,578,128 28 
408,360 13 
349,516 88 

25,546 21 

1,723,649 94 
6,618 78 

$5,091,820 22 

663,915 65 

63,000 00 

62,998 06 

213,681 70 

94,807 28 

59,759 44 

317,532 95 

$6,567,515 30 



84 



LIFE INSURANCE COMPANIES [Dec. 31, 



Invested in the following: — 

Assets as per Ledger Accounts. 
Cost value of real estate ..... 
Loans on mortgage of real estate (first liens) . 

on collateral security (schedule A) 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office ..... 

deposited in bank 

Agents' ledger balances ..... 

Ledger assets (as per balance) . 

Other Assets. 
Interest due and accrued ....... 

Rents due and accrued 

Market value of stocks and bonds over cost 

Uncollected premiums on policies in force, $227,032 97 

Deferred premiums on policies in force . 452,161 00 



$4,486,506 62 

18,215,030 73 

2,376,000 00 

545,227 34 

17,216,531 42 

19,637 90 

1,251,950 51 

48,673 57 

$44,159,558 09 



279,503 26 

11,751 54 

2,098,774 78 



Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 



$679,193 97 
135,838 79 



Item not admitted. 



Agents' balances 

Total admitted assets 



543,355 18 

. $47,092,942 85 



48,673 57 
. $47,044,269 28 



Liabilities. 
Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . . . $39,524,924 00 
Deduct net value of re-insured risks .... 330,308 00 



Xet re-insurance reserve ..... 
Matured endowments due and unpaid . $50,252 67 
Death losses and matured endowments in 

process of adjustment .... 523,984 68 
Claims resisted by the company . . 25,000 00 
Due and unpaid on annuity claims (un- 
called for) 2,965 35 

Total policy claims .... 

Premiums paid in advance 

Liabilities as to policy-holders .... 

Surplus as regards Tontine policy-holders, $2,054,244 03 

as regards other policy-holders . 5,164,316 88 



. $39,194,616 00 



602,202 70 
28,889 67 

. $39,825,708 37 



Gross surplus as regards policy-holders, 
Gross liabilities .... 



- 7,218,560 91 
. $47,044,269 28 



1881.] OF OTHER STATES. 85 

Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $597,451 12 

received during 1881 . 46,153 55 

Total $643,604 67 

Used in payment of losses and claims . $18,132 91 
of surrendered policies, 

and voided by lapse . 25,546 21 
of dividends to policy- 
holders . . . 6,618 78 
Redeemed by maker in cash . . . 48,079 43 

Total 98,377 33 



Balance note assets Dec. 31, 1881 .... $545,227 34 

Exhibit of Policies. 
Policies and Additions in Force Dec. 81, 1880. 

Number. Amount. 

Whole-life policies 37,273 $107,171,436 Q0 

Endowment policies 9,755 25,879,191 00 

All other policies 1,520 21,000 00 

Reversionary additions - 2,655,289 00 



New Policies issued in 1881. 


/ 


Whole-life policies 5,676 


17,993,058 00 


Endowment policies 3,358 


12,264,894 00 


All other policies ...... 878 


- 


Old Policies revived during the Year. 




Whole-life policies 25 


73,065 00 


Endowment policies ...... 4 


14,000 00 


Old Policies increased during the Year. 




Whole-life policies ........ 


4,000 00 


Endowment policies ....... 


27,989 00 


Additions by dividends ....... 


1,997,275 00 



Total number and amount . . . 58,489 $168,101,197 00 
Policies ceased to be in Force during the Year. 

Number. Amount. 

Terminated by death 639 $2,138,839 00 

by maturity . 

by expiry 

by surrender . 

by lapse . . 

by change and decrease 
Not taken ..... 



Total terminated 



230 


465,825 00 


108 


29,538 00 


664 


3,868,227 00 


1,647 


4,670,615 00 


- 


185,821 00 


1,274 


4,981,508 00 



4,562 $16,340,373 00 



86 



LIFE INSURANCE COMPANIES [Dec. 31, 



Whole-life policies . 
Endowment policies 
All other policies 
Reversionary additions 

Totals 



Policies in Force Dec. 81, 1881. 

Number. Amount. 

39,9S8 $115,652,137 00 
11,666 33,227,974 00 



2,273 21,000 00 

- 2,859,713 00 



53,927 $151,760,824 00 



Schedule A. 

Securities held as Collateral. 



New York Central Railroad stock . 
Chicago and North-Western stock . 
Delaware and Hudson Canal stock . 
St. Louis and San Francisco stock . 
Chic, St. P., Minn., and Omaha pref. st'k 
Union Pacific Railroad stock . 
Lake Shore Railroad stock 
Chicago, Mil., and St. Paul R.R. stock 
N. Y. Cent, and Hudson R. R R. stock 
Chicago and Alton Railroad stock . 
Delaware and Hudson Canal stock . 
Chicago and North-Western R.R. stock 
Michigan Central Railroad stock 
Western Union Telegraph Co. stock 
St. Paul, Minn., and M. R R. stock 
N. Y. Cent, and Hudson R. R.R. stock 
Illinois Central Railroad stock . 
Delaware and Hudson Canal stock . 
Union Pacific Railroad stock . 
Delaware and Hudson Canal stock . 
N. Y. Cent, and Hudson R. R.R stock 
Rensselaer and Saratoga Railroad stock 
Delaware, Lack., and Western R.R. stock 
Delaware and Hudson Canal stock . 
North- Western Railroad preferred stock 
United States Trust Co. stock . 
Rock Island Railroad stock 
Central Pacific Railroad stock . 
Western Union Telegraph Co. stock 
New Jersey Central income bonds . 
New Jersey Central mortgage bonds 
Canada Southern bonds . 
Chic, and N. W. gen'l consol. gold bonds 
Western Union Telegraph Co. stock 
Metropolitan Elevated Railroad stock 
Omaha Railroad preferred stock 
Union Pacific Railroad stock . 



Market value. 

$13,100 00 
87,500 00 
75,600 00 
10,400 00 
10,200 00 
69,600 00 
5,800 00 
42,400 00 

144,100 00 ^ 
26,000 00 
21,600 00 
75,000 00 [ 
8,600 00 
3,975 00 
22,400 00 J 

209,600 00 ) 
13,000 00 > 
54,000 00 > 

127,600 00 f 

183,600 00 
39,300 001 
14,000 00 | 
31,750 00 ) 
32,400 00 
69,000 00 j 
30,000 00] 
92,400 00 i 
18,400 00 j 
23,850 00 j 
18,685 00^, 
5,700 00 
2,000 00 
12,400 00 
15,900 00 
17,200 00 
20,400 00 
34,800 00 



Amount loaned. 



Y $250,000 00 



250,000 00 



200,000 00 

150,000 00 
150,000 00 

150,000 00 



150,000 00 



100,000 00 



* This number includes annuity bonds. 



1881.] 



OF OTHER STATES. 



87 



Fourth National Bank stock . 
German American Bank stock . 
Central National Bank stock . 
New York Central Railroad stock 
United States 4^- per cent bonds 
United States 4 per cent bonds 
Lake Shore Railroad stock 
North-Western Railroad stock . 
"Western Union Telegraph Co. stock 
Union Pacific Railroad stock . 
Western Union Telegraph Co. stock 
Western Union Telegraph Co. stock 
Rock Island Railroad stock 
Central Pacific Railroad stock . 
Rock Island Railroad stock 
Missouri Pacific Railroad stock 
Chicago and Alton Railroad stock . 
North-Western Railroad stock . 
Chicago, Burl., and Quincy R.R. stock 
Union Pacific Railroad stock . 
St. Paul Railroad stock . 
Western Union Telegraph Co. stock 



Market value. 

$109,800 00 ) 

3,562 50 [• 

103,125 00 J 

55,020 00 > 

20,610 00 > 

47,200 00 

208,800 00) 

25,000 00 [• 

7,950 00) 

116,000 00 I 

7,950 00 J 

63,600 00) 

26,400 00 [• 

27,600 00) 

13,200 00 

80,800 00 

78,000 00 

50,000 oo j- 

13,600 00 
58,000 00 
21,400 00 J 
63,600 00 



Amount loaned . 

$185,000 00 

51,000 00 

40,000 00 

200,000 00 

100,000 00 

iob,ooo oo 



250,000 00 



50,000 00 



1,883,477 50 $2,376,000 00 



Schedule B. 



Stocks and Bonds owned by 

United States bonds 

New York city and county bonds 

East Chester bonds . 

Brooklyn city bonds 

Jersey City bonds 

Newark city bonds . 

Buffalo city bonds . 

Missouri bonds 

Flushing bonds 

Yonkers bonds 

Rochester bonds 

Richmond (Va.) bonds 

Tennessee bonds 

Alabama bonds 

South Carolina bonds 

Georgia bonds . 

Delaware and Hudson stock 

Delaware and Hudson bonds 

N. Y. Cent, and Hudson R. R R. bonds 

New York and Harlem Railroad bonds 



the Company. 

Cost value. 

$1,810,443 34 

4,045,850 57 

59,793 85 

1,606,031 11 

596,241 00 

934,803 79 

186,394 67 

103,580 00 

100,600 00 

181,335 11 

52,819 07 

46,250 00 

13,500 00 

36,100 00 

27,624 37 

2,730 00 

81,845 00 

626,536 05 

1,018,372 81 

1,069,541 67 



Market value. 

$2,057,875 00 

4,456,500 00 

63,466 14 

1,944,400 00 

619,870 00 

987,000 00 

212,900 00 

118,000 00 

122,000 00 

223,050 00 

62,040 00 

70,000 00 

14,800 00 

38,880 00 

31,717 40 

3,830 00 

162,000 00 

649,630 00 

1,335,000 00 

1,338,333 33 



88 



LIFE INSURANCE COMPANIES [Dec. 31, 



Rensselaer and Saratoga Railroad bonds . 
X. Y., Lake Erie, and West. R.R. bonds, 
Albany and Susquehanna R.R. bonds 
Michigan Central Railroad bonds . 
Metropolitan Elevated Railroad bonds 
Xew York Elevated Railroad bonds 
Chicago and Xorth- Western R.R. bonds 
Denver and Rio Grande R.R. bonds 
X. Y., Lack., and Western R.R. bonds 
Bank of America stock . 
Merchants' Bank stock . 
Bank of the Republic stock 
American Exchange Bank stock 
Metropolitan Bank stock . 



Cost value. 

$9,519 92 

2,173,690 70 

450,672 77 

62,000 00 

227,460 00 

670,423 47 

184,700 00 

259,840 00 

543,549 32 

8,484 00 

11,112 58 

907 50 

10,025 00 

3,753 75 



Market value. 

$12,060 00 

2,289,298 33 

485,320 00 

62,000 00 

227,460 00 

689,010 00 

190,500 00 

259,840 00 

545,000 00 

11,858 00 

11,968 00 

1,595 00 

12,000 00 

6,105 00 



$17,216,531 42 $19,315,306 20 



NORTHWESTERN" MUTUAL LIFE INSURAXCE COMPANY 
OF MILWAUKEE, WIS. 

[Incorporated March, 1857. Commenced business Nov. 25, 1858.] 

H. L. Palmer, President. J. W. Skinner, Secretary. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company 
as discount on claims paid in advance 
for rents of company's property . 



Total income 
Net or ledger assets Dec. 31, 1880 

Total .... 



$2,179,562 36 

1,115,442 14 

67,159 86 

3,240 66 

8,728 31 

$3,374,133 33 
17,818,107 84 



Ml, 192,241 17 



Disbursements. 

Cash paid for losses and additions 

Premium notes or loans used in payment of same . 
Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same . 

Gross amount paid for losses and endowments . 

Cash paid for surrendered policies ..... 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse ..... 

ii surrender values, including reconverted additions 

aj (plied in payment of premium! .... 



$778,786 65 

37,648 85 

509,184 23 

65,S76 18 

$1,391,495 91 
51,762 77 

19,720 49 

39,424 99 



1881.] 



OF OTHER STATES. 



89 



Cash dividends paid policy-holders, $234,300.57; applied 

in payment of premiums, $275,282.10 . 
Premium notes or loans used in payment of dividends 

Total paid policy-holders 

Cash paid for commissions to agents 

for salaries and travelling expenses of agents 

for medical examiner's fees 

for salaries of officers and office employes 

for taxes and fees 

for rent ....... 

for furniture and office fixtures 

for advertising 

for incidentals ...... 

Profit and loss 



Total disbursements . 



Balance 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate 

Loans on mortgage of real estate (first liens) . 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule A) 
Cash in cqmpany's office ..... 

deposited in bank 

Bills receivable ...... 

Agents' ledger balances ..... 

Office furniture 



Ledger assets (as per balance) 

Other Assets. 
Interest due and accrued .... 
Rents due and accrued .... 
Market value of stocks and bonds over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force . 



$509,582 67 
259,028 19 

$2,271,015 02 

265,934 85 

62,012 17 

17,010- 88 

113,669 10 

31,740 29 

8,856 17 

727 95 

6,153 56 

96,812 55 

17,353 36 

$2,891,285 90 



$18,300,955 27 



81,760,219 30 

11,043,228 04 

1,620,674 45 

2,456,349 38 

71,080 00 

1,293,342 97 

3,035 35 

45,525 78 

7,500 00 

$18,300,955 27 

295,829 01 

125 00 

30,142 28 



Total 

Deduct loading (25 per cent) . 

Ket am't uncollected and deferred prems. 



$57,181 53 
252,695 00 

$309,876 53 
77,469 13 



Total assets per company's books 

Items not admitted. 
Office furniture, etc $7,500 00 



232,407 40 

. $18,859,458 96 



Agents' balances 
Bills receivable 
Total 

Total admitted assets 
12 



45,525 78 
3,035 35 



56,061 13 
. $18,803,397 83 



90 



LIFE INSURANCE COMPANIES [Dec. 31, 



Liabilities. 

Computed premium reserve or net present value of al 
outstanding policies (Actuaries' 4 per cent) . 

Death losses and matured endowments in process of ad 
justraent ....... 

Unpaid dividends of surplus due policy-holders 

Premiums paid in advance 

Accrued commissions 

Reserve on paid-up policies 

Liabilities as to policy-holders 
Surplus as regards policy-holders 

Gross liabilities 



$15,635,799 00 

221,790 44 

4,000 00 

3,692 91 

5,000 00 

49,296 00 

$15,919,578 35 
.2,883,819 48 

$18,803,397 83 



Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $1,873,329 46 

received during 1881 . 185,536 24 

Total 

Used in payment of losses and claims . $103,525 03 
of surrendered policies, 

and voided by lapse . 35,750 87 
of dividends to policy- 
holders . . . 259,028 19 
Redeemed by maker in cash . . . 39,887 16 
Total 

Balance note assets Dec. 31, 1881 .... 



$2,058,865 70 



438,191 25 
$1,620,674 45 



Exhibit op Policies. 

Policies and Additions in Force Dec. 81, 1880. 

Number. Amount. 

Whole-life policies 26,609 $51,250,267 00 

Endowment policies 7,034 11,276,278 00 

All other policies 529 2,440,536 00 



New Policies issued in 1881. 

Whole-life policies . . . 

Endowment policies ..... 

All other policies 

Old Policies revived during the Year. 

Whole-life policies 

Endowment policies 

All other policies ...... 

Endowment policies increased during the year 
Additions by dividends 



3,988 


10,591,664 00 


1,969 


4,318,173 00 


55 


128,405 00 


ear. 
. 205 


440,912 00 


. 32 


57,013 00 


4 


14,000 00 


. 21 


38,529 00 


- 


1,971,019 00 



Total number and amount 



40,446 $82,526,796 00 



1881.] 



OF OTHER STATES. 



91 



Policies ceased to be in Force 


during the Year. 








Number. 


Amount. 


Terminated by death 


... 


. 381 


$829,223 00 


by maturity . 


... 


. 398 


586,093 00 


by expiry 


... 


7 


1,434,508 00 


by surrender . 


... 


. 283 


540,261 00 


by lapse 


... 


1,431 


2,896,814 00 


by change and decrease 


6 


618,754 00 




... 


. 449 
2,955 


1,117,403 00 


Total terminated 


$8,023,056 00 



Policies in Force Dec. 81, 1881. 

Number. Amount. 

Whole-life policies 28,860 $57,370,249 00 

Endowment policies 8,114 14,200,100 00 

All other policies 517 2,933,391 00 



Totals 



37,491 $74,503,740 00 



Schedule 
Stocks and Bonds owned 



United States bonds 
Missouri state bonds 
Kansas city bonds . 
St. Louis city bonds 
Cincinnati city bonds 
Covington city bonds 
Sheboygan city bonds 
Oshkosh city bonds . 
Stevens Point city bonds . 
Springfield (111.) city bonds 
Milwaukee city bonds 
Green Bay city bonds 
Beloit city and town bonds 



A. 

by the Company. 
Cost value. 

$1,668,861 75 

52,497 50 

123,750 00 

105,000 00 

192,150 00 

124,800 00 

54,841 88 

45,000 00 

2,000 00 

12,700 00 

9,720 00 

14,292 00 

50,736 25 



Market value. 

,665,466 88 

55,420 00 

141,050 00 

105,416 67 

193,675 00 

128,500 00 

56,816 66 

47,062 50 

2,113 33 

12,911 67 

9,970 00 

14,854 80 

53,234 15 



$2,456,349 38 $2,486,491 66 



PENN MUTUAL LIFE INSURANCE COMPANY OF PHILA- 
DELPHIA, PENN. 

[Incorporated Feb. 24, 1847. Commenced business May 25, 1847.] 

Samuel C. Huey, President. Henry C. Brown, Secretary. 

Income. 

Total premium income $1,189,655 03 

Cash received for interest on stocks, bonds, and loans . 357,079 55 
for interest on other debts due the company, 21,972 24 



92 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash received for rents of company's property 

for profits on property sold . 
Premiums received for re-insurance, cash 

Total income ..... 
Net or ledger assets Dec. 31, 1880 . 



Total 



Disbursements. 
Cash paid for losses and additions .... 
Premium notes or loans used in payment of same . 
Cash paid for matured endowments and additions . 
Premium notes or loans used in payment of same . 

Gross amount paid for losses and endowments . 
Received for losses and claims on policies re-insured 

Xet amount paid for losses and endowments 
Cash paid for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse 
Cash dividends paid policy-holders, applied in payment of 

premiums ........ 

Premium notes or loans used in payment of dividends 

Total paid policy-holders 

Cash paid for commissions to agents 

for salaries and travelling expenses of agents 

for medical examiner's fees 

for salaries of officers and office employes 

for taxes and fees 

for rent 

for commuting commissions 
for furniture and office fixtures 

for advertising 

for incidentals 

for loss on called bonds .... 

Total disbursements 

Balance ........ 

Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate 

Loans on mortgage of real estate (first liens) . 
on collateral security (schedule A) 
on com jinny's policies assigned as collateral 

Premium notes or loans on policies in force 

t value of stocks and bonds owned (schedule B) 



$24,321 65 

9,007 35 

487 65 

$1,602,523 47 

6,958,354 75 

$8,560,878 22 



$477,232 63 

16,360 22 

87,250 39 

5,004 61 

$585,847 85 
5,000 00 

$580,847 85 
67,873 01 

16,435 64 

214,665 29 
62,711 89 

$942,533 68 
85,227 39 
35,717 85 
10,788 82 
42,250 00 
40,829 36 
7,829 70 
27,8S9 28 
541 34 
15,610 06 
22,975 71 
14,030 00 

$1,246,223 19 

$7,314,655 03 



$763,235 59 

2,343,021 75 

140,100 00 

132,952 00 

634,287 52 

3,074,413 31 



1881.] 



OF OTHER STATES. 



93 



Cash in company's office . 
deposited in bank . 
Bills receivable 
Agents' ledger balances . 
Temporary notes secured . 

Ledger assets (as per balance) 



Other Assets. 
Interest due and accrued ....... 

Rents due and accrued 

Market value of stocks and bonds over cost 

Uncollected premiums on policies in force, $63,279 01 

Deferred premiums on policies in force . 76,521 75 



Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 



$139,800 76 
27,960 15 



Items not admitted. 



Agents' balances 
Bills receivable 
Total 

Total admitted assets 



&8,417 06 
4,102 34 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . 
Deduct net value of re-insured risks .... 

Net re-insurance reserve ...... 

Premium obligations in excess of net values of their poli- 
cies .......... 

Death losses and matured endowments in 

process of adjustment .... $151,320 00 

Claims resisted by the company . . 5,000 00 
Total policy claims .... 

Unpaid dividends of surplus due policy-holders 

Life-rate endowment fund 

Premiums paid in advance 

Liabilities as to policy-holders . 
Surplus as regards policy-holders 

Gross liabilities .... 

Premium Note Account. 
Premium not* s on hand Dec. 31, 1880 . .$650,493 42 
received during 1881 . 105,805 77 
Total 



$1,780 95 

193,003 67 

4,102 34 

8,417 06 

19,340 84 

$7,314,655 03 



$58,903 84 

6,303 84 

379,434 69 



111,840 61 
$7,871,138 01 



12,519 40 
$7,858,618 61 



$6,410,937 00 
57,068 00 

$6,353,869 00 
602 40 



156,320 00 
25,314 59 
57,851 32 
14,110 79 

56,608,068 10 
1,250,550 51 

17,858,618 61 



$756,2£9 19 



94 



LIFE INSURANCE COMPANIES [Dec. 31, 

$21,364 83 



Used in payment of losses and claims 

of surrendered policies, 

and voided by lapse . 16,435 64 
of dividends to policy- 
holders . . . 62,711 89 
Redeemed by maker in cash . . . 20,499 31 
j. oral »••••• m -~— — ^^— — — 

Balance note assets Dec. 31, 1881 .... 



$121,011 67 
$635,287 52 



Exhibit of Policies. 
Policies and Additions in Force Dec. 31, 1880. 

Number. Amount. 

Whole-life policies 9,038 $25,169,501 00 

Endowment policies 3,182 6,365,192 00 

All other policies 14 26,000 00 

Reversionary additions . . . . . - 47,871 00 



New Policies issued in 1881. 



Whole-life policies , 
Endowment policies 
All other policies 



1,209 
1,070 
. 18 



3,205,000 00 

2,586,636 00 

48,000 00 



Old Policies revived during the Year. 



Whole-life policies . 
Endowment policies 



23 

100 



47,286 00 
37,529 00 



Old Policies increased during the Year. 



Whole-life policies . 
Endowment policies 
All other policies 
Additions by dividends . 

Total number and amount 



Policies ceased to be in Force dur 



Terminated by death 

by maturity . 

by expiry 

by surrender . 

by lapse 

by change and decrease 
Not taken . 

Total terminated 



2 


15,296 00 


. 14 
1 


53,500 00 


24,729 00 


14,671 $37,626,540 00 


'ng the Year. 




Number. 


Amount. 


. 180 


$502,755 00 


. 57 


100,446 00 


1 


2,309 00 


. 168 


386,037 00 


. 486 


1,125,857 00 


. 17 


179,942 00 


. 254 


691,750 00 



1,163 $2,989,096 00 



1881.] 



OF OTHER STATES. 



95 



Whole-life policies . 
Endowment policies 
All other policies 
Reversionary additions 

Totals 



Policies in Force Dec. 81, 1881. 

Number. Amount. 

9,577 $26,517,037 00 
3,905 7,993,969 00 



26 



57,500 00 
68,938 00 



13,508 $34,637,444 00 



Schedule A. 

Securities held as Collateral. 



Philadelphia and Erie Railroad bonds 
Camden county (N.J.) bonds . 
Penn. and N. Y. Canal and R.R. bonds 
Camden and Burlington R.R. bonds . 
200 shares Northern Central Railroad 
17 " Pennsylvania Salt Company 

8 u Pennsylvania Fire Ins. Co. 
300 " Lehigh C. and N. Company 

20 " Lehigh Valley Railroad . 

9 " L. Schuyl. R.R. N. and C. Co 
Cincinnati city bond 

500 shares People's Passenger R.R. Co. 
Philadelphia and Chester R.R. bonds 
Phil., Wil., and Bait. R.R. certificates 



Schedule B. 
Stocks and Bonds owned by 



Amount loaned 

$50,000 00 
10,000 00 

11,000 00 

13,000 00 

1,100 00 
10,000 00 

45,000 00 

$156,610 00 $140,100 00 



Market value. 

$57,750 00 
11,710 00 



13.436 00 

14,934 00 

1,280 00 
10,000 00 
47,500 00 



United States bonds 

Louisville and Nashvillle Railroad bonds 

Louisville city bonds 

St. Louis city bonds 

Canton city bonds .... 

Susquehanna Canal bonds 

Lehigh Valley Railroad bonds . 

Pennsylvania Railroad mortgage bonds 

Reading Railroad mortgage bonds . 

"Westchester Railroad bonds 

American Steamship Company 

United Canal and Railroad bonds . 

North Pennsylvania Railroad bonds 

Harrisburg city water bonds . 

Burlington (Io.) water bonds . 

Stony Creek Railroad bonds 

Masonic redemption loan . 

Delaware and Bound Brook R.R. bonds 



the Company. 

Cost value. 

$141,766 82 

7,141 40 

140,812 50 

25,030 00 

10,000 00 

48,600 00 

88,665 00 

203,150 00 

103,000 00 

96,697 09 

25,000 00 

46,250 00 

98,500 00 

50,150 00 

70,500 00 

49,000 00 

100,000 00 

100,000 00 



Market value. 

$142,938 00 

10,500 00 

170,000 00 

31,800 00 

10,500 00 

54,900 00 

105,720 00 

236,380 00 

124,750 00 

110,670 00 

26,750 00 

55,000 00 

122,000 00 

67,850 00 

82,500 00 

55,000 00 

110,000 00 

125,000 00 



96 



LIFE INSURANCE COMPANIES [Dec. 31, 



Illinois and °t. Louis Railroad bonds 
Cinn., Hamilton, and Dayton R.R. bonds, 
Easton and Amboy Railroad bonds . 
Minneapolis and St. Louis Railroad bonds, 
Cinn., Hamilton, and Indianap. R.R. b'ds, 
Cumberland city bonds . 
Cleveland city bonds 
Chester city bonds . 
Kansas city bonds . 
Xenia (O.) city bonds 
Baltimore and Ohio Railroad bonds 
Union League mortgage bonds 
Culver Building Co. mortgage bonds 
St. Joseph (Mo.) Water Co. mort. bonds 
Evansville redemption bonds . 
Venice and Carondelet mortgage bonds 
Penn. R.R. and P. W. and B. R.R. certs 
Minneapolis and Duluth Railroad bonds 
Dayton and Michigan Railroad bonds 
100 shares Western National Bank . 
209 " Commercial National Bank 
76 " Bank of North America . 
50 " Girard National Bank 
100 " Corn Exchange National Bank 
50 " Mechanics' Bank, St. Louis 
250 " Delaware Mutual Ins. Co. 
700 " Northern Central Railroad 



Cost value. 

$100,000 00 
103,750 00 
100,000 00 
95,133 75 
53,000 00 
45,000 00 
26,375 00 
185,571 00 
102,500 00 
70,143 75 
105,000 00 
50,000 00- 
120,000 00 
100,000 00 
48,600 00 
100,000 00 
97,000 00 
51,562 50 
45,100 00 
6,862 50 
11,035 25 
10,168 00 
2,000 00 
5,000 00 
4,950 50 
6,250 00 
25,148 25 



Market value. 

$120,000 00 
108,000 00 
106,000 00 
111,600 00 
55,500 00 
55,000 00 
26,250 00 
200,200 00 
110,000 00 
71,690 00 
112,000 00 
52,500 00 
121,200 00 
105,000 00 
49,500 00 
106,000 00 
94,000 00 
53,500 00 
45,760 00 
10,000 00 
13,585 00 
21,280 00 
4,300 00 
6,400 00 
5,000 00 
11,625 00 
35,700 00 



$3,074,413 31 $3,453,818 00 



PROVIDENT LIFE AND TRUST COMPANY OF PHILADEL- 
PHIA, PENN. 

[Incorporated March 22, 1865. Commenced business June, 1865.] 

Paid-dp Capital, $500,000. 

Samuel R. Shipley, President. Rowland Parry, Actuary. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans . 
for interest on other debts due the company, 
as discount on claims paid in advance 
for rents 01 company's property 

Total income . . .... 

Not or ledger assets Dec. 31, 1880 .... 

Total ........ 



$1,117,265 97 

190,460 24 

27,854 38 

464 64 

4,338 16 

$1,340,383 39 
5,070,977 70 

$6,411,361 09 



1881.] 



OF OTHER STATES. 



97 



Disbursements. 
Cash paid for losses and additions .... 
for matured endowments and additions . 

Gross amount paid for losses and endowments . 
Cash paid to annuitants ...... 

for surrendered policies .... 

Cash surrender values, including reconverted additions 
applied in payment of premiums 
dividends paid policy-holders, applied in payment 
of premiums ...... 

Premium notes or loans used in payment of dividends 

Total paid policy-holders ..... 
Cash paid for commissions to agents 

for salaries and travelling expenses of agents 
for medical examiner's fees 
for salaries of officers and office employes 
for taxes and fees ..... 

for rent . 

for furniture and office fixtures 
. for advertising ..... 

for incidentals ...... 

Total disbursements 

Balance ........ 



$240,875 00 
97,148 00 

$338,023 00 
11,128 61 
35,127 95 

3,090 25 

142,939 80 
7,201 04 

$537,510 65 

83,508 43 

14,688 66 

7,734 83 

42,572 80 

18,731 79 

3,422 50 

5,640 40 

6,125 44 

15,959 66 

$735,895 16 

$5,675,465 93 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate 

Loans on mortgage of real estate (first liens) . 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule A) 
Cash in company's office ...... 

Ledger assets (as per balance) .... 



$535,529 27 
2,092,699 18 

63,063 67 
2,963,496 13 

20,677 68 

$5,675,465 93 



Other Assets. 

Interest due and accrued ....... 

Rents due and accrued ....... 

Market value of stocks and bonds over cost 

Uncollected premiums on policies in force, $82,495 92 

Deferred premiums on policies in force . 172,895 52 



Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 
13 



$255,391 44 
51,078 29 



48,312 95 

1,313 88 

124,548 87 



204,313 15 
1,053,954 78 



98 



LIFE INSURANCE COMPANIES [Dec. 31, 



Liabilities. 

Computed premium reserve or net present value of all 
outstanding policies (Actuaries' 4 per cent) . 

Death losses due and unpaid . . . $13,586 00 

Death losses and matured endowments in 
process of adjustment .... 31,411 00 

Due and unpaid on annuity claims . . 315 34 
Total policy claims .... 

Unpaid dividends of surplus due policy-holders 

Premiums paid in advance 

Miscellaneous 



Liabilities as to policy-holders 
Surplus as regards policy-holders 

Gross liabilities 



$5,080,315 00 



45,312 34 

8,544 23 

10,542 80 

205 72 

$5,144,920 09 
909,034 69 

$6,053,954 78 



Premium Note Account. 



Premium notes on hand Dec. 31, 1880 
received during 1881 

Total 

Used in payment of dividends to policy 

holders 

Redeemed by maker iu cash 

Total 

Balance note assets Dec. 31, 1881 



$68,832 18 
6,792 45 



&7,201 04 
5,359 92 



$75,624 63 



12,560 96 
$63,063 67 



Exhibit of Policies. 
Policies and Additions in Force Dec. 31, 1880. 

Number. Amount. 

Whole-life policies 1,805 $5,652,950 00 

Endowment policies 6,314 19,673,765 00 

All other policies 83 305,900 00 

Reversionary additions ..... - 122,836 00 



New Policies issued in 1881. 

Whole-life policies 

Endowment policies 

All other policies ...... 

Old Policies revived during the Year 

Whole-life policies 

Endowment policies 

Endowment policies increased during the year 
Additions by dividends 

Total number and amount 



123 


471,917 00 


1,406 


4,433,185 00 


17 


91,700 00 


ear. 

2 


3,500 00 


. 10 


30,500 00 


• 


9,000 00 


. 


29,229 00 


9,760 $30,824,482 00 



1881.] 



OF OTHER STATES. 



99 



Policies ceased to be in Force during the Year. 

Terminated by death .... 

by maturity .... 

by expiry .... 

by surrender .... 

by lapse .... 

by change and decrease 
Not taken 



Total terminated 



Policies in Force Dec. 31, 1881 



umber. 


Amount. 


75 


$238,218 00 


52 


95,594 00 


6 


41,554 00 


136 


485,826 00 


257 


708,100 00 


6 


109,500 00 


17 


53,500 00 



549 $1,732,292 00 



Whole-life policies . 
Endowment policies 
All other policies 
Reversionary additions 

Totals 



Number. 

1,845 

7,285 
81 



Amount. 

$5,758,402 00 

22,896,815 00 

296,400 00 

140,573 00 



9,211 $29,092,190 00 



Schedule A. 
Stocks and Bonds owned by 



United States bonds 
Pennsylvania state bonds 
Lehigh Valley Railroad bonds . 
Easton and Amboy Railroad bonds . 
Lehigh and Wilkesbarre Coal Co. bonds 
Pennsylvania Coal Company bonds . 
Summit Branch Railroad bonds 
Northern Central Railroad bonds 
Phila., Wash., and Bait. R.R. bonds 
Texas and Pacific Railroad bonds . 
Philadelphia and Reading R.R. bonds 
Northern Pennsylvania Railroad bonds 
Catasauqua and Fogelsville R.R. bonds 
Crane Iron Company bonds 
Belt Railroad and Stock Yard bonds 
N. Y. and Pacific Car Trust Co. bonds 
Central New Jersey Car Trust Co. bonds 
Car Trust Co. of Pennsylvania bonds 
Car Trust Co. of New York bonds . 
Phila., Wash., and Bait. R.R. bonds 
Pennsylvania Car Trust Company bonds 
Guarantee Car Trust Company bonds 



the Company. 
Cost value. 

$120,000 00 

30,993 75 

421,820 00 

85,000 00 

31,575 00 

161,184 38 

22,500 00 

254,000 00 

151,265 00 

165,800 00 

74.095 00 

230,432 50 

36,000 00 

30,600 00 

31,500 00 

77,000 00 

209,000 00 

1,000 00 

329,730 50 

235,000 00 

150,000 00 

115,000 00 



Market value. 

$123,600 00 

35,250 00 

480,930 00 

90,950 00 

32,100 00 

198,000 00 

25,875 00 

259,420 00 

147,580 00 

165,850 00 

75,860 00 

232,050 00 

37,080 00 

34,000 00 

31,500 00 

77,000 00 

209,000 00 

1,000 00 

331,000 00 

235,000 00 

150,000 00 

115,000 00 



$2,963,496 13 $3,088,045 00 



100 



LIFE INSURANCE COMPANIES [Dec. 31, 



PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF 

NEW YORK, N.Y. 

[Incorporated Feb. 25, 1875. Commenced business Aug. 10, 1875.] 

Paid-up Capital, §100,000. 

James F. Burns, President, William E. Stevens, Secretary. 



Income. 

Total premium income ...... 

Cash received for interest on stocks, bonds, and loans 

as discount on claims paid in advance 

for profits on bonds sold 



Total income 
Net or ledger assets Dec. 31, 1880 



Total 



Disbursements. 

Cash paid for losses and additions .... 
for surrendered policies .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse .... 

Cash dividends paid policy-holders, applied in payment 

of premiums 



Total paid policy-holders 

Cash paid for dividends to stockholders . 

for commissions to agents 

for salaries and travelling expenses of agents 

for medical examiner's fees 

for salaries of officers and office employes 

for taxes and fees ..... 

for rent . 

for commuting commissions 
advanced to officers or agents .... 
paid for furniture and office fixtures 

for advertising ...... 

for incidentals 

Total disbursements 

Balance 



Invested in the following: — 

Assets as per Ledger Accounts. 
Loans on mortgage of real estate (first liens) . 

on company's policies assigned as collateral . 
Premium notes or loans on policies in force 
Cost value of United States bonds owned 



$62,494 62 

3,698 97 

36 29 

10,000 00 

$76,229 88 
132,186 54 

$208,416 42 



$22,417 43 
316 25 

101 75 

835 63 

$23,671 06 
1,380 00 
12,267 89 
4,423 14 
3,273 52 
6,501 32 
1,317 43 
3,108 80 

233 33 
2,270 40 

755 88 
1,011 86 
2,711 66 

$62,926 29 

$145,490 13 



$18,000 00 

175 00 

1,970 64 

103,500 00 



1881.] 



OF OTHER STATES. 



101 



Cash in company's office ....... 

deposited in bank 

Bills receivable 

Agents' ledger balances 

Ledger assets (as per balance) 

Other Assets. 

Interest dne and accrued . . . . . 
Uncollected premiums on policies in force, $9,430 88 

Deferred premiums on policies in force . 14,326 15 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . 
Deduct net value of re-insured risks 

Net re-insurance reserve . 
Death losses and matured endowments in 

process of adjustment .... $2,000 00 

Claims resisted by the company . . 4,000 00 

Total policy claims . 

Liabilities as to policy-holders 
Surplus as regards policy-holders 

Gross liabilities 

Premium Note Account. 

Premium notes on hand Dec. 31, 1880 . $939 00 

received during 1881 . 1,133 39 

Total 

Used in payment of surrendered policies and voided by 
lapse 

Balance note assets Dec. 31, 1881 .... 



$2,340 04 

12,289 98 

997 67 

6,216 80 

$145,490 13 



804 13 



Total 

Deduct loading ..... 
Net am't uncollected and deferred prems. 
Furniture and fixtures .... 
Commuted commissions .... 


$23,757 03 
4,915 72 


18,841 31 
4,750 00 
2,250 00 


• • • 

• • • 

• • • 

TED. 

$4,750 00 

2,250 00 

6,216 80 

997 67 


Total assets per company's books 

Items not admit 

Office furniture ..... 
Commuted commissions .... 
Agents' balances ..... 
Bills receivable ..... 
Total 


$172,135 57 
14,214 47 


• • • 


Total admitted assets 


$157,921 10 



$62,958 00 
2,571 00 

$60,387 00 



6,000 00 

$66,387 00 
91,534 10 

$157,921 10 



$2,072 39 

101 75 

$1,970 64 



102 



LIFE INSURANCE COMPANIES [Dec. 31, 



Exhibit of Policies. 
Policies and Additions in Force Dec. SI, 1880. 

Number. Amount. 

Whole-life policies 717 $239,010 00 

Endowment policies 52 98,500 00 



All other policies 



1,471 2,590,200 00 



New Policies issued in 1881. 

Whole-life policies 381 §107,625 00 

Endowment policies 14 13,500 00 

All other policies 739 1,022,700 00 



Total number and amount 



3,377 $4,071,535 00 



Policies ceased to be in Force during the Year. 

Number. 

Terminated by death 25 

by expiry 

by surrender . 

by lapse 

by change and decrease 
Not taken .... 



Total terminated 



547 

7 

357 



86 



Amount. 

§30,275 00 

666,750 00 

9,500 00 

70,100 00 

4,100 00 

99,525 00 



Policies in Force Dec. 31, 1881. 



o e-life policies . 
Endowment policies 
All other policies 



1,022 


1880,250 00 


1 

Number. 


Amount. 


695 


8252,635 00 


53 


105,350 00 


1,607 


2,833,300 00 



Totals 



2,355 §3,191,285 00 



TRAVELERS' INSURANCE COMPANY (LIFE DEPARTMENT) 
OF HARTFORD, CONN. 

[Incorporated June 17, 1863. Commenced business July, 1866.] 

Paid-up Capital, SGOO.OOO. 

James G. Batterson, President. Rodney Dennis, Secretary. 

Income. 

Total premium income §507,120 79 

Cash received for interest on stocks, bonds, and loans . 218,105 30 

for interest on other debts due the company, 5,018 21 

as discount on claims paid in advance . 400 71 

for rents of company's property . . 23,606 78 

for profits on bonds or stocks sold . . 2,203 94 



Total income 
i- ledger assets Dec. 31, 1880 

Total .... 



§756,455 73 
4,080,190 21 

§4,836,645 94 



1881.] 



OF OTHER STATES. 



103 



Disbursements. 

Cash paid for losses and additions . 

for matured endowments and additions 

Gross amount paid for losses and endowments 
Cash paid to annuitants .... 
for surrendered policies . 



Total paid policy-holders . 
Cash paid for commissions to agents 

for salaries and travelling expenses 
for medical examiner's fees 
for salaries of officers and office em 
for taxes and fees 

for rent 

for advertising 

for incidentals .... 

Total disbursements .... 

Balance 



of 



pi 



agents 
oyes 



$148,125 45 
24,361 00 

$172,486 45 

1,150 00 

47,914 78 

$221,551 23 

52,970 50 

12,824 45 

7,023 96 

21,237 95 

6,726 42 

1,014 56 

19,389 79 

11,947 80 

$354,686 66 

$4,481,959 28 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate ..... 

Loans on mortgage of real estate (first liens) . 
on collateral security (schedule A) 
on company's policies assigned as collateral 

Cost value of stocks and bonds owned (schedule B) 

Cash in company's office .... 
deposited in bank .... 

Ledger assets (as per balance) . 
Deduct depreciation from cost of real estate 

Total net or ledger assets . 



$1,187,219 50 

1,804,463 29 

235,310 18 

5,173 00 

1,169,768 53 

2,013 27 

78,011 51 

$4,481,959 28 
257,413 21 

$4,224,546 07 



Other Assets. 
Interest accrued ........ 

Market value of stocks and bonds over cost 

Uncollected premiums on policies in force, $41,053 94 

Deferred premiums on policies in force . 68,189 76 

Total $109,243 70 

Deduct loading 13,109 24 

Net am't uncollected and deferred prems 

Total assets of Life Department 
Total assets of Accident Department 

Gross assets 



45,771 52 
79,676 47 



96,134 46 

$4,446,128 52 
1,668,374 18 

$6,114,502 70 



104 



LIFE INSURANCE COMPANIES [Dec. 31, 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . • . 
Deduct net value of re-insured risks .... 

Net re-insurance reserve ...... 

Reserve for indemnity contracts of life policies 
Death losses and matured endowments in 

process of adjustment .... .$71,197 00 

Claims resisted by the company . . 20,000 00 
Total policy claims .... 

Liabilities as to policy-holders in Life Department . 
Liabilities as to policy-holders in Accident Department . 

Gross liabilities 

Surplus as regards policy-holders .... 



$3,740,067 00 
15,938 00 

$3,724,129 00 
5,000 00 



91,197 00 

$3,820,326 00 
760,596 30 

$4,580,922 30 

$1,533,580 40 



Exhibit of Policies. 
Policies and Additions in Force Dec. 81, 1880. 

Number. Amount. 

Whole-life policies 9,827 $16,449,513- 00 

Endowment policies 2,011 2,510,026 00 

All other policies 76 139,100 00 



Whole-life policies . 
Endowment policies 
All other policies 



New Policies issued in 1881. 



1,373 


2,850,587 00 


399 


746,680 00 


19 


41,685 00 



Old Policies revived during the Year. 

Whole-life policies ...... 

Endowment policies 

Whole-life policies increased during the year . 



Total number and amount 



. 31 


39,618 00 


5 


12,160 00 


- 


516 00 



13,741 $22,789,885 00 



Policies ceased to be in Force during the Year 

Terminated by death 

by maturity . 

by expiry 

by surrender 

by lapse 

by change and decrease 
Not taken 



Total terminated 



Number. 


Amount. 


. 115 


$184,730 00 


. 23 


22,407 00 


1 


1,000 00 


. 93 


126,777 00 


. 643 


1,208,500 00 


. 136 


360,249 00 


. 174 


374,700 00 



1,185 $2,278,363 00 



1881.] 



OF OTHER STATES. 



105 



Policies in Force Dec. 31, 1881. 



Whole-life policies . 
Endowment policies 
All other policies 

Totals 



Number. Amount. 

10,268 $17,392,735 00 

2,217 2,977,102 00 

71 141,685 00 



12,556 $20,511,522 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

Willimantic Linen Company stock . . $24,000 00 £ 

New York Cent, and H. R. R.R. stock . 52,800 00 > 

Meriden Britannia Company stock . . 1,100 00 

Chic, Rock Island, and Pac. R.R. stock . 13,300 00 

New York, L. Erie, and W. R.R. stock . 90,000 00 

Lake Shore and Michigan So. R.R. stock, 11,650 00 

New York Cent, and H. R. R.R. stock . 13,200 00 

Toledo, Wabash, and Western R.R. b'ds, 5,300 00 j 

Missouri, Kansas, and Texas R.R. bonds, 62,835 00 } 

Texas and Pacific Railroad bonds . . 6,120 00 1 



Amount loaned. 

$60,000 00 

700 00 
10,000 00 



Y 100,000 00 



64,610 18 



$280,305 00 $235,310 18 



Schedule B 

Stocks and Bonds owned oy 

Connecticut state bonds . 

Lyon county (Kansas) bonds . 

Topeka city bonds . 

Indianapolis city bonds . 

Oswego city bonds . 

Middletown (Conn.) town bonds 

Columbus city bonds 

Hartford city bonds 

Pilot (111.) town bonds 

Norton (111.) town bonds. 

Limestone (111.) town bonds . 

Lakin township (Kansas) bonds 

Montreal city bonds 

600 shares Hartford City Gas-Light Co. 

Lake Shore and Mich. So. R.R. bonds 

Chic, Mil., and St. Paul R.R. bonds 

Keokuk and Des Moines Railroad bonds 

Detroit, Munroe, and Toledo R.R. bonds, 

Buffalo, New York, and Erie R.R. bonds, 

Northern Missouri Railroad bonds . 

Syra., Binghamton, and N. Y. R.R. bond, 

Columbus Western Railroad bonds . 

550 shares N. Y., N. H. and H. R.R. . 
1,300 " N. Y. Cent, and H. R. R.R. 

350 " American National Bank 
14 



the Company. 

Cost value. 

$42,800 00 

27,622 91 

30,586 84 

7,766 66 

10,639 72 

10,786 67 

10,480 83 

10,600 00 

13,287 12 

5,736 43 

5,725 06 

7,455 00 

48,190 33 

28,635 01 

2,110 00 

87,365 31 

4,950 00 

21,432 17 

53,706 67 

10,700 00 

26,236 50 

53,010 00 

84,152 75 

179,756 25 

23,324 50 



Market value. 

$42,000 00 

24,300 00 

40,000 00 

10,000 00 

10,550 00 

10,600 00 

10,200 00 

11,100 00 

12,120 00 

5,050 00 

5,050 00 

7,140 00 

50,600 00 

17,400 00 

2,440 00 

96,750 00 

10,300 00 

24,000 00 

60,500 00 

12,300 00 

30,250 00 

53,000 00 

96,250 00 

173,800 00 

26,250 00 



106 



LIFE INSURANCE COMPANIES [Dec. 81, 



241 shares Phoenix National Bank 

119 ■ ■ Fan's and Mec.'s N'l B., Hart. 
100 " Mercantile Nat'l B'k, Hart. . 
441 " Hartford Nat'l Bank, Hart. . 

87 " First Nat'l Bank, Hartford . 

135 " Charter Oak N'l B'k, Hart, . 

169 " Nat'l Exchange Bank, Hart. 

250 " Thames Nat'l B'k, Norwich, 

100 M Metropolitan Nat'l B'k, N.Y. 

200 " Am. Exch. Nat'l Bank, N.Y. 

400 " Mer.'s Exch. Nat'l B'k, N.Y. 

100 " Fourth Nat'l Bank, N.Y. . 

50 " First Nat'l Bank, Lafayette, 

100 " Atlas Nat'l Bank, Boston . 

100 " N'l B'k of the Com'th, Boston, 

250 " First Nat'l B'k, Wallingford, 

350 " Conn. Tr. and S.D. Co., Hart. 

120 " Security Company, Hartford, 



Cost value. 

837,094 00 
17,593 00 
10,200 00 
67,630 50 
8,903 13 
17,199 25 
10,721 50 
32,100 00 
13,115 63 
21,413 00 
19,912 79 
9,530 00 
7,700 00 
11,900 00 
11,212 75 
25,000 00 
29,400 00 
12,086 25 



Market value. 

$41,452 00 
15,946 00 
13,000 00 
74,970 00 
10,614 00 
18,900 00 
13,013 00 
36,750 00 
17,000 00 
24,400 00 
20,000 00 
12,500 00 
10,000 00 
12,300 00 
11,800 00 
25,000 00 
36,050 00 
13,800 00 



81,169,768 53 81,249,445 00 



UNION MUTUAL LIFE INSURANCE COMPANY OF AUGUSTA, 

MAINE. 

[Incorporated July 17, 1848. Commenced business Oct. 1, 1849.] 

John E. DeWitt, President. Henry D. Smith, Secretary. 

Principal Office, Portland, Me. 

Income. 

Total premium income 8695,749 56 

Cash received for interest on stocks, bonds, and loans . 192,979 20 

for interest on other debts due the company, 19,818 44 

as discount on endowments paid in advance, 5,186 46 

for rents of company's property . . . 54,532 00 

for profit and loss account .... 5,712 34 



Total income 
Net or ledger assets Dec. 31, 1880 
Net appreciation 



86,392,075 49 
84,640 44 



Total 



Disbursements. 
Cash paid for losses and additions . 
Premium notes or loans used in payment of same 
i paid for matured endowments and additions 
Premium notes or loans used in payment of same 

Gross amount paid for losses and endowments 
Cash paid for surrendered policies . 



8973,978 00 



6,476,715 93 
87,450,693 93 

8464,599 39 

32,327 00 

351,792 78 

83,529 00 

8932,248 17 
41,988 71 



1881.] 



OF OTHER STATES. 



107 



Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse 

Cash surrender values, including reconverted additions 

applied in payment of premiums 

dividends paid policy-holders, $2,983.95-, applied 

in payment of premiums, $34,320.13 . 

Premium notes or loans used in payment of dividends 

Reduction of premium 

Total paid policy-holders . 
Cash paid for commissions to agents 
for medical examiner's fees 
for salaries of officers and office employes 
for taxes and fees 
for advertising 
for incidentals . 

Total disbursements . 

Balance 

Invested in the following: — 

Assets as per Ledger Accounts. 

Value of real estate 

Loans on mortgage of real estate .... 
on collateral security (schedule A) 
on company's policies assigned as collateral . 

Premium notes or loans on policies in force 

Market value of stocks and bonds owned (schedule B) 

Cash in company's office ...... 

deposited in bank 

Bills receivable . . ... 

Agents' ledger balances ...... 

Ledger assets (as per balance) .... 

Other Assets. 
Interest due and accrued ...... 

Rents due and accrued ...... 

Uncollected premiums on policies in force, 
Deferred premiums on policies in force . 



Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems. 



$31,877 14 
81,603 46 

$113,480 60 
22,696 12 



Total assets per company's books .... 

Items not admitted. 

Agents' balances $3,360 87 

Bills receivable 2,173 34 

Total ...... 

Total admitted assets 



$68,385 00 

51,077 57 

37,304 08 

22,326 00 

29 42 



$1,153,358 95 


146,753 31 


9,535 72 


53,987 96 


10,848 59 


12,535 87 


39,650 41 


$1,426,670 81 


$6,024,023 12 


$2,263,331 94 


1,470,497 53 


260,388 20 


3,108 17 


903,620 00 


1,034,119 55 


135 44 


83,288 08 


2,173 34 


3,360 87 



1,024,023 12 

134,405 52 
3,654 38 



90,784 48 
$6,252,867 50 



5,534 21 
1,247,8 J3 29 



108 



LIFE INSURANCE COMPANIES [Dec. 31, 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent) 
Deduct net value of re-insured risks .... 

Net re-insurance reserve ...... 

Premium obligations in excess of net values of their policies, 
Death losses due and unpaid . . . $2,700 00 

Matured endowments due and unpaid . 13,153 50 

Death losses and matured endowments in 

process of adjustment .... 8,402 51 

Claims resisted by the company . . 24,978 00. 

Unpresented death claims . . . 14,634 65 

Total policy claims .... 

Unpaid dividends of surplus due policy-holders 

Premiums paid in advance 

All other liabilities ..... 

Liabilities as to policy-holders . 
Surplus as regards policy-holders 

Gross liabilities .... 



$5,810,728 00 
1,503 00 

$5,809,225 00 
789 00 



63,868 66 
9,185 83 

15,494 55 
7,869 00 

$5,906,432 04 
340,901 25 

$6,247,333 29 



Premium Note Account. 

Premium notes on hand-Dec. 31, 1880 . $1,053,508 29 

received during 1881 . 73,132 00 

Total 

Used in payment of losses and claims . $115,856 00 
of surrendered policies, 

and voided by lapse . 73,892 00 
of dividends to policy- 
holders . . . 22,326 00 
Redeemed by maker in cash . . . 10,946 29 
Total 

Balance note assets Dec. 31, 1881 .... 



$1,126,640 29 



223,020 29 
$903,620 00 



Exhibit of Policies. 
Policies and Additions in Force Dec. 81, 1880. 

Number. Amount. 

Whole-life policies 7,603 $15,101,667 00 

Endowment policies 5,030 6,795,629 00 

All other policies 1,487 3,127,800 00 

Reversionary additions - 8,766 00 



New Policies issued in 1881. 



Whole-life policies . 
Endowment policies 



104 
1,525 



70,858 00 
2,646,683 00 



1881.] 



OF OTHER STATES. 



109 



Old Policies revived during the Year, 



Whole-life policies 


. 


23 


$62,306 00 


Endowment policies .... 


. 


26 


25,025 00 


Old policies increased during the year 


. 


428 


854,100 00 


Additions by dividends .... 


. 


- 


20,555 00 


Total number and amount 


16,226 $28,716,389 00 


Policies ceased to be in Force 


during 


the Year. 








Number. 


Amount. 


Terminated by death .... 


. 


. 201 


$401,401 00 


by maturity .... 


. 


327 


433,793 00 


by expiry .... 


. 


.. 333 


734,325 00 


by surrender .... 


. 


. 253 


430,605 00 


by lapse .... 


. 


. 671 


1,152,678 00 


by change and decrease 


. 


. 428 


933,274 00 






. 288 


546,762 00 



Total terminated 



2,501 $4,632,838 00 



Whole-life policies 



Policies in Force Dec. 31, 1881. 

Number. Amount. 

6,984 $13,635,383 00 



Endowment policies 
All other policies 
Reversionary additions 

Totals 



5,190 
1,551 



7,247,894 00 

3,173,400 00 

26,874 00 



13,725 $24,083,551 00 



Schedule A. 



Securities held as Collateral. 

Market value. 

$2,678 52 
18,750 00 



Life policy assigned 

150 shares Passaic (N.J.) print works 

Tax certificates .... 

St. Louis and San Francisco R.R. bond 

500 shares Union Pacific Railroad . 

Atch., Topeka, and Santa Fe R.R. bonds 

300 shares Chatham National Bank 

Bangor (Me.) city bonds . 

Portland and Ogdensburg Railroad bonds 

Bath (Me.) city bonds 

Cleveland (O.) city bonds 

St. Louis (Mo.) city bonds 

Iron ton (O.) city bonds . 

Lewiston (Me.) city bonds 

Androscoggin and Kennebec R.R. bonds 

432 shares Chatham National Bank 

Portland Water Company bonds 

180 shares Westbrook Manuf. Company 

Columbus (O ) city bonds 



170 70 
920 00 

58,500 00 

53,010 00 
9,375 00 

60,000 00 
4,300 00 
2,120 00 
1,025 00 
1,080 00 y 

525 00 
1,050 00 
1,120 00J 

13,500 00 
2,180 00 

18,000 00 
2,360 00 



Amount loaned. 

$2,000 00 

15,000 00 

170 70 

430 00 

50,000 00 

50,000 00 

7,500 00 

50,000 00 



10,000 00 



10,800 00 
2,000 00 

16,000 00 
2,000 00 



110 



LIFE INSURANCE COMPANIES [Dec. 31, 



Market value. 



Maine Central Railroad bonds . 
Dayton (O.) city bonds . 
Rockland (Me.) bonds 
Ramsey county (Minn.) bonds 
Northern Pacific Railroad bonds 



Amount loaned. 



$12,100 00 $10,000 00 



2,240 00 

37,000 00 

4,940 00 

4,975 00 



2,000 00 
25,000 00 

7,487 50 



$311,919 22 $260,388 20 



Schedule B. 

Stocks and Bonds owned by the Company. 

Par value. Market value. 

Union Pacific Railroad bonds . . . $50,000 00 $58,750 00 

Sheldon (Vt.) bonds .... 18,000 00 18,000 00 

New York and New England R.R. bonds, 50,000 00 53,625 00 

Portland, Saco, and Ports. R.R. stock . 9,400 00 10,927 50 

Erie Railroad mortgage bonds . . . 25,000 00 32,125 00 

United States gold bonds . . . 100,000 00 117,f}25 00 

Kansas Pacific Railroad bonds . . . 50,000 00 51,500 00 

Atchison, Topeka, and S. Fe R R. bonds, 50,000 00 46,500 00 

Michigan Central Railroad bonds . . 50,000 00 48,500 00 

Chicago, Burl., and Quincy R.R. bonds . 50,000 00 44,000 00 

St. Louis and San Francisco R.R. bonds . 50,000 00 46,000 00 

Chicago and North- Western R.R. bonds . 25,000 00 32,750 00 

Atchison, Topeka, and S. Fe'R.R. bonds, 25,000 00 29,750 00 

United States gold bonds . . . 100,000 00 101,375 00 

Milwaukee and St. Paul Railroad bonds . 25,000 00 31,250 00 

Richmond (Va.) city bonds . . . 10,000 00 13,000 00 

St. Louis (Mo.) city bonds . . . 1,000 00 1,000 00 

Lewiston (Me.) bonds .... 20,000 00 23,600 00 

Portland (Me.) bonds .... 54,500 00 63,967 50 

Cincinnati (O ) bonds .... 3,000 00 3,075 00 

New Bedford (Mass.) bonds . . . 25,000 00 28,750 00 

Toledo (O.) bonds 2,000 00 2,000 00 

Wilmington (Del.) bonds . . . 5,000 00 5,250 00 

Chicago (111.) bonds .... 10,000 00 11,190 00 

Cook county (111.) bonds .... 15,000 00 16,125 00 

Wabash county (Ind.) bonds . . . 2,000 00 2,030 00 

Biddeford (Me.) bonds .... 20,000 00 20,000 00 

Union county (O.) bonds . . . 14,000 00 14,437 50 

Cincinnati Improvement Co. bonds . . 8,527 67 8,954 05 

Delaware (O.) bonds .... 5,000 00 5,625 00 

Cleveland (O.) bonds .... 2,600 00 2,725 00 

District of Columbia bonds . . . 20,000 00 21,400 00 

Dayton (().) bonds 2,000 00 2,240 00 

Akron (O.) bonds 19,000 00 19,000 00 

Watertown (Mass.) town note . . 10,000 00 10,600 00 

Brunswick (Me.) bonds .... 5,000 00 5,000 00 

First National Bank, Portland, stock . 500 00 800 00 



1881.] 



OF OTHER STATES. 



Ill 



Cumberland Nat'l Bank, Portland, stock, 
Manuf.'s Nat'l Bank, Lewiston, stock 
Lime Rock Nat'l Bank, Rockland, stock 
First National Bank, Augusta, stock 
First National Bank, Biddeford, stock 
Biddeford Nat'l Bank, Biddeford, stock 
Sagadahoc National Bank, Bath, stock 
First National Bank, Bangor, stock 
First National Bank, Lewiston, stock 
Rockland National Bank, Rockland, stock, 



Par value. 


Market value. 


, $800 00 


$1,220 00 


1,600 00 


1,712 00 


8,750 00 


9,975 00 


2,000 00 


2,300 00 


3,800 00 


5,396 00 


800 00 


1,120 00 


200 00 


250 00 


2,000 00 


2,500 00 


1,500 00 


2,400 00 


, 2,500 00 


3,800 00 


$955,477 67 


$1,034,119 55 



UNITED STATES LIFE INSURANCE COMPANY OF NEW 

YORK, N.Y. 

[Incorporated February, 1850. Commenced business Marcb 4, 1850.] 

Paid-up Capital, $250,000. 

T. H. Brosnan, President. C. C. Fraleigh, Secretary. 



Income. 

Total premium income ....... 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company, 
as discount on claims paid in advance 
for rents of company's property 



Total income 
Net or ledger assets, Dec. 31, 1880 



$553,689 37 

227,433 04 

22,688 92 

23 10 

5,983 48 

$809,817 91 
4,837,755 08 



Total 



Disbursements. 
Cash paid for losses and additions .... 
for matured endowments and additions . 

Gross amount paid for losses and endowments . 
Received for losses and claims on policies re-insured 

Net amount paid for losses and endowments 
Cash paid to annuitants ...... 

for surrendered policies .... 

Cash dividends paid policy-holders, applied in payment 
of premiums . 



Total paid policy-holders 

Cash paid for dividends to stockholders . 
for commissions to agents 
for salaries and travelling expenses of agents 



$5,647,572 99 



$372,562 12 
111,915 39 

$484,477 51 
3,668 36 

$480,809 15 

126 00 

109,101 91 

44,502 86 

$634,542 92 
30,270 62 
58,089 10 
50,791 11 



112 LIFE INSURANCE COMPANIES [Dec. 31, 

Cash paid for medical examiner's fees .... $9,791 80 

for salaries of officers and office employes . 41,936 97 

for taxes and fees 7,894 65 

for rent 17.361 88 

for advertising. ...... 15,774 62 

for incidentals 38,072 65 

Profit and loss account 15,628 46 

Total disbursements 8920. 154 7S 

Balance .... .... $4,727,41S 21 



Invested in the following: — 



Assets as per Ledger Accounts. 



Cost value of real estate 

Loans on mortgage of real estate (first liens) . 

on collateral security (schedule A) 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office . 
deposited in bank . 
Bills receivable 
Agents' ledger balances . 

Ledger assets (as per balance) 
Deduct depreciation from real estate 

Total net or ledger assets . 



188,754 10 

2,253.854 63 

564,525 00 

S2,015 75 

1,626,562 70 

264 26 

89,00& 26 

18,4S7 68 

3.944 83 

$4,727,418 21 
919 10 

84.726,499 11 



Other Assets. 

Interest due and accrued .... 
Market value of stocks and bonds over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force 

Total 

Deduct loading (20 per cent) . 

im't uncollected and deferred prems 

Total assets per company's books 



$32,643 10 
64,0S6 40 

896,729 50 
19,345 90 



69,610 96 
144.024 80 



77.383 60 
. $5,017,518 47 



Items not admitted. 



Agents' balances 
Bills receivable 
tal 

t;t] admitted as- 



83.944 83 
-7 68 



22,432 51 

$4,995,085 96 



1881.] 



OF OTHER STATES. 



113 



Liabilities. 
Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . 
Deduct net value of re-insured risks .... 



Net re-insurance reserve . 
Death losses and matured endowments in 

process of adjustment . 
Claims resisted by the company 

Total policy claims . 
Unpaid dividends of surplus due policy-holders 
Premiums paid in advance 
Unpresented accounts, etc. 
Liability on lapsed policies 

Liabilities as to policy-holders 
Surplus as regards policy-holders 



Gross liabilities 



$12,040 00 
15,000 00 



11,457,116 00 
28,374 00 

$4,428,742 00 



27,040 00 
9,798 12 

12,182 80 
2,885 94 
1,555 74 

$4,482,204 60 
512,881 36 

$4,995,085 96 



Premium Note Account. 



Premium notes on hand Dec. 31, 1880 
received during 1881 

Total 

Used in payment of losses and claims 

of surrendered policies 
and voided by lapse 
Redeemed by maker in cash 

Total 



$109,013 97 
16,783 68 

$9,612 96 

8,806 26 
25,362 68 



$125,797 65 



Balance note assets Dec. 31, 1881 

Exhibit of Policies. 
Policies and Additions in Force Dec. 31, 1880. 

Whole-life policies .... 

Endowment policies 

All other policies .... 



43,781 90 



2,015 75 



New Policies issued in 1881. 



Whole-life policies , 
Endowment policies 
All other policies 

Old Policies revived during the Year. 
Whole-life policies . 
Endowment policies 

Old Policies increased during the Year. 
Whole-life policies . 
Endowment policies 
Additions by dividends 



Number. Amount. 

7,552 $13,806,657 00 

1,658 2,500,463 00 

218 549,646 00 


. 836 
. 315 
. 22 


1,941,814 00 

856,470 00 

62,410 00 


ear. 
. 21 
3 


50,755 00 
4,084 00 


Year. 
. 12 
8 

• 


62,500 00 
15,000 00 
32,412 00 



Total number and amount 
15 



10,645 $19,882,211 00 



114 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies ceased to be in Force 


during the Year. 






Number. 


Amount. 


Terminated by death .... 


. 175 


$348,475 00 


by maturity .... 


. 53 


111,856 00 


by surrender .... 


. 226 


443,136 00 


by lapse .... 


. 429 


1,093,795 00 


by change and decrease 


. 20 


119,121 00 


Not taken 


. 234 
1,137 


1,094,500 00 


Total terminated .... 


$3,210,883 00 



Policies in Force Dec. 81, 1881. 



Whole-life policies . 
Endowment policies 
All other policies 

Totals 



Number. Amount. 

7,578 $13,568,058 00 

1,705 2,525,889 00 

225 577,381 00 



9,508 $16,671,328 00 



Schedule A. 
Securities held as Collateral. 



Market value. 



Dry Dock, East Broadway, and Battery 

Railroad bond . 
75 shares Western Union Telegraph Co. 
Missouri Pacific Railroad bond 
United States bonds 
Chic, Mil., and St. Paul R.R. bonds 
Mutual Union Tel. Co. S. F. bonds. 
Milwaukee and St. Paul Railroad bond 
600 shares Chic, R. I., and Pacific R.R 
300 " Chic and No. -Western R.R. 
500 " Union Pacific Railroad . 
500 " Del., Lack., and West'n R.R 
Lake Shore, Mich. So., and N. Ind. R.R 
N. Y., Lake Erie, and Western R.R. 



300 sha 
300 
100 
200 
1,000 
250 
100 
100 
700 
300 
51 



es Morris and Essex Railroad 
Chic. andNo.-W'nR.R. 
Del. and Hudson Canal Co 
Illinois Central Railroad 
Del., Lack., and W'n R.R 
Chic, R. L, and Pacific R.R 
N. Y. Cent, and H. R. R.R 
Chic and No.-W'n R.R. 
Chic, Mil., and St. P. R.R 
Chic, Burl., and Q. R.R. 
Third Avenue Railroad 



$1,150 

5,981 

1,095 

3,037 

118,560 

7,000 

1,220 

78,900 

37,650 

58,625 

31,937 

2,150 

4,987 

18,281 

42,000 

10,825 

26,300 

63,875 

32,812 

13,150 

12,550 

82,600 

40,800 

14,790 



00 

25 

00 

50 

00 

00 

00 

00 

00 

00 

50 

00 

50 j 

25 

00 

00 

00 J 

00 1 
50 
00 
00 
00 
00 
00 



Amount loaned. 

$800 00 
5,500 00 

2,500 00 
100,000 00 

200 00 



y 250,000 00 



I 

y 100,000 00 

J 

I 100,000 00 
5,525 00 



$710,277 50 $564,525 00 



1881.] 



OF OTHER STATES. 



115 



Schedule B. 



Stocks and Bonds owned 

United States bonds 

New York city and county bonds 

Brooklyn city bonds 

Buffalo City bonds . 

Erie county bonds . 

Richmond county bonds " . 

Eastchester county bonds 

Westchester county bonds 

White Plains town bonds 

West Farms town bonds 

Morrisania town bonds 

Rochester city loan . 

Chicago city bonds . 

Jersey City bonds . 

South Nor walk water fund 

Missouri state bonds 

N. Y., Lack., and Western R.R. bonds 



by the Company. 

Cost value. 

$204,671 43 

576,273 14 

198,307 25 

35,462 32 

25,594 52 

2,630 10 

10,376 27 

12,793 32 

1,569 16 

10,474 51 

19,324 24 

34,032 33 

49,167 12 

218,119 49 

100,000 00 

18,742 50 

109,025 00 



Market value. 

$184,975 00 

630,267 50 

259,820 00 

46,580 00 

30,500 00 

2,575 00 

10,300 00 

13,530 00 

1,500 00 

10,400 00 

21,250 00 

41,100 00 

57,500 00 

217,780 00 

114,500 00 

19,260 00 

108,750 00 



$1,626,562 70 $1,770,587 50 



VERMONT LIFE INSURANCE COMPANY OF BURLINGTON, 

VERMONT. 

[Incorporated Oct. 28, 1868. Commenced business Jan. 1, 1869.] 

Paid-up Capital, $100,000. 

Warren Gibbs, President. C. R. Turrill, Secretary. 

Income. 

Total premium income $26,150 24 

Cash received for interest on stocks, bonds, and loans . 11,482 53 

for rents of company's property . . 393 25 

Miscellaneous 80 24 

Total income $38,106 26 

Net or ledger assets Dec. 31, 1880 212,155 34 

Total $250,261 60 

Disbursements. 

Cash paid for losses and additions $15,516 24 

Received for losses and claims on policies re-insured . 5,000 00 

Net amount paid for losses and endowments . . $10,516 24 

Cash paid for surrendered policies . . . . . 119 73 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse 1,196 77 



116 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash surrender values, including reconverted additions 
applied in payment of premiums 
dividends paid policy-holders, applied in payment of 
premiums ....... 

Total paid policy-holders 

Cash paid for dividends to stockholders . 

for commissions to agents 

for salaries and travelling expenses of agents 

for medical examiner's fees 

for salaries of officers and office employes 

for taxes and fees 

for rent 

advanced to agents ...... 

paid for furniture and office fixtures 

for advertising 

for incidentals 

Total disbursements 



Balance 



8327 40 



2,816 41 



$14,976 


55 


6,000 


00 


2,334 07 


2,202 


18 


952 


90 


3,736 43 


408 29 


991 


50 


198 


80 


151 


67 


433 


35 


1,744 


18 


$34,129 92 


$216,131 68 



Invested in the following: — 

Assets as per Ledger Accounts. 
Cost value of real estate ..... 
Loans on mortgage of real estate (first liens) . 
on collateral security (schedule A) 
on company's policies assigned as collateral 
Premium notes or loans on policies in force 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office ..... 
deposited in bank 

Ledger assets (as per balance) . 



$20,550 00 

121,782 61 

16,900 00 

625 00 

4,421 55 

36,451 50 

1,972 52 

13,428 50 

$216,131 68 



Other Assets. 

Interest due and accrued .... 
Rents due and accrued .... 
Market value of real estate over cost 

of stocks and bonds over cost 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force 

Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Furniture and fixtures 

Cash advanced to agents . 

Total assets per company's books 



$4,270 89 
5,342 72 

$9,613 61 
1,922 72 



2,145 11 
124 79 
450 00 

1,840 50 



7,690 89 

1,800 00 

198 80 

$230,381 77 



1881.] 



OF OTHER STATES. 



117 



Items not admitted. 

Office furniture, etc $1,800 00 

Cash advanced to officers or agents . . 198 80 
Total ...... ■ ' 

Total admitted assets 

Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (Actuaries' 4 per cent) 
Deduct net value of re-insured risks 



Net re-insurance reserve . 
Death losses and matured endowments in 

process of adjustment . 
Claims resisted by the company 

Total policy claims . 

Liabilities as to policy-holders 
Surplus as regards policy-holders 



Gross liabilities 



$2,000 00 
2,000 00 



Exhibit of Policies. 

Policies and Additions in Force Dec. 31, 1880 

Whole-life policies 

Endowment policies ..... 
All other policies 

New Policies issued in 1881. 
Whole-life policies ...... 

Endowment policies ..... 

All other policies ...... 

Additions by dividends 

Total number and amount 

Policies ceased to be in force during the Year. 

Terminated by death 

by surrender 

by lapse 
Not taken 

Total terminated 



$1,998 80 
$228,382 97 



$133,058 00 
1,503 00 

$131,555 00 



4,000 00 

$135,555 00 
92,827 97 

$228,382 97 



Policies in Force Dec 31, 1881 



Whole-life policies . 
Endowment policies 
All other policies 

Totals 



Number 


Amount. 


. 390 


$613,110 00 


. 141 


184,360 00 


. 55 


02,491 00 


. 171 


171,951 00 


. 138 


124,100 00 


1 


1,000 00 


- 


22 00 


. 896 


$1,217,034 00 


e Year, 




Number. 


Amount. 


7 


$17,500 00 


. 14 


34,521 00 


. 56 


77,000 00 


. 45 


39,100 00 


. 122 


$168,121 00 


Number. 


Amount. 


. 502 


$705,562 00 


. 227 


261,860 00 


. 45 


81,491 00 


. 774 


$1,048,913 00 



118 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule A. 
Securities held as Collateral. 

Market value. 

36 shares Merchants' Nat'l Bank, Burl. . $1,800 00 ) 

30 " Howard National Bank . . 3,000 00 j 

208 " National Car Co., St. Albans . 22,880 00 



Amount loaned. 

$4,400 00 
12,500 00 



$27,680 00 $16,900 00 



Schedule B. % 

Stocks and Bonds owned by the Company. 

Cost value. 

Burlington city bonds . . . . $4,760 00 

255 shares Merchants' Nat'l Bank, Burl. . 11,641 50 

170 " Howard National Bank, Burl. . 17,000 00 

122 " Gas-Light Co., Burlington . 3,050 00 



Market value. 

$4,982 00 

12,750 00 

17,510 00 

3,050 00 



$36,451 50 $38,292 00 



WASHINGTON LIFE INSURANCE COMPANY OF NEW 

YORK, N.Y. 

[Incorporated January, 1860. Commenced business Feb. 2, I860.] 

Paid-up Capital, $125,000. 

W. A. Brewer, Jun., Pres. William Haxtun, Vice-Pres. and Sec'y. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company, 
as discount on claims paid in advance 
for rents of company's property . 
for profits on bonds stocks, or gold sold 



Total income 
Net or ledger assets Dec. 31, 1880 



Total 



Disbursements. 

Cash paid for losses and additions .... 
Cash paid for matured endowments and additions . 

Gross amount paid for losses and endowments . 
Cash paid to annuitants ...... 

for surrendered policies .... 

Return premiums 

Cash dividends paid policy-holders, applied in payment 
of premiums 



Total paid policy-holders 



$1,119,031 03 

288,951 94 

4,977 00 

9,952 44 

11,578 14 

2,926 78 

$1,437,417 33 
5,488,199 34 

$6,925,616 67 



$309,850 06 
115,405 54 

$425,255 60 

2,065 40 

237,685 54 

1,978 17 

208,119 13 

$875,103 84 



1881.] 



OF OTHER STATES. 



119 



of 



agents 
oyes 



Cash paid for dividends to stockholders . 
for commissions to agents 
for salaries and travelling expenses 
for medical examiner's fees 
for salaries of officers and office empl 
for taxes and fees 
for rent ..... 
for commnting commissions 
for advertising .... 
for incidentals .... 

Loss on bonds sold 

Total disbursements .... 
Balance 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate 

Loans on mortgage of real estate (first liens) . 

on company's policies assigned as collateral 
Cost value of stocks and bonds owned (schedule A) 

Cash in company's office 

deposited in bank 

Agents' ledger balances 



Ledger assets (as per balance) . 



Other Assets. 

Interest due and accrued . 

Market value of stocks and bonds, over cost . 
Uncollected premiums on policies in force, $40,903 13 
Deferred premiums on policies in force . 129,086 49 



Total 

Deduct loading (20 per cent) . 

Net am't uncollected and deferred prems 

Total assets per company's books 



$169,989 62 
33,997 92 



$8,688 75 
60,743 26 
30,858 65 
10,167 00 
42,024 24 
11,855 12 

7,500 00 
11,496 73 

7,790 53 
22,084 15 
10,592 21 

$1,098,904 48 

$5,826,712 19 



$502,195 15 

3,468,873 02 

42,471 88 

1,516,596 30 

3,196 92 

255,033 00 

38,345 92 

$5,826,712 19 



36,225 69 
231,303 70 



135,991 70 
1,230,233 28 



Item not admitted. 



Agents' balances 

Total admitted assets 



38,345 92 
1,191,887 36 



Liabilities. 

Computed premium reserve or net present value of all 

outstanding policies (Actuaries' 4 per cent) . . . $5,568,342 00 
Death losses due and unpaid . . . $20,672 78 
Matured endowments due and uupaid . 215 54 



120 



LIFE INSURANCE COMPANIES [Dec. 31, 



Death losses and matured endowments in 
process of adjustment .... 
Claims resisted by the company 

Total policy claims .... 
Unpaid dividends due stockholders . 
Due for salaries, rent, and office expenses 
Premiums paid in advance 

Liabilities as to policy-holders . 
Surplus as regards policy-holders 

Gross liabilities .... 



?79,708 73 
21,153 99 



$121,751 04 

175 00 

3,307 27 

3,474 96 

$5,697,050 27 
494,837 09 

$6,191,887 36 



Exhibit of Policies. 

Policies and Additions in force Dec. SI, 1880. 

dumber. Amount. 

Whole-life policies 8,528 $18,490,862 00 

Endowment policies 2,538 4,152,280 00 

All other policies 10 - 

Reversionary additions - 808,128 00 



New Policies issued in 1881. 



Whole-life policies . 
Endowment policies 
All other policies 



Old Policies revived during the Year. 

Whole-life policies 

Endowment policies ...... 

Additions by dividends 



1,191 


2,967,815 00 


796 


1,527,645 00 


2 


- — 


ear. 
59 


137,500 00 


28 


48,500 00 


- 


390,719 00 



Total number and amount 



13,152 $28,523,449 00 



Policies ceased to be in Force during the Year. 

Terminated by death 

by maturity . 
by expiry 
by surrender . 
by lapse 



Not taken 

Total terminated 



Policies in Force Dec 



Whole-life policies . 
Endowment policies 
All other policies 
Reversionary additions 

Totals 



Number. 


Amount. 


. 146 


$373,316 00 


. 72 


110,311 00 


2 


- 


. 159 


567,449 00 


. 518 


1,009,250 00 


. 295 


534,973 00 



1,192 $2,595,299 00 



31, 1881. 



Number. Amount. 

8,988 $19,941,952 00 

2,962 5,123,830 00 
10 

862,368 00 



11,960 $25,928,150 00 



1881.] 



OF OTHER STATES. 



121 



Schedule A. 
Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds .... $155,000 00 

New York city bonds .... 968,542 29 

New York and Brooklyn bridge bonds . 235,900 00 

Brooklyn Park bonds .... 50,000 00 

Brooklyn water loan .... 106,098 63 

Kingston (N.Y.) bonds .... 1,055 38 



Market value. 

$156,250 00 

1,121,250 00 

281,400 00 

67,000 00 

120,000 00 

2,000 00 



16 



$1,516,596 30 $1,747,900 00 



ACCIDENT INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1881. 



121 



ACCIDENT INSURANCE COS. [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ACCIDENT INSURANCE COMPANY OF NORTH AMERICA, 

MONTREAL, CANADA. 

[Incorporated June 14, 1872. Commenced business June, 1874.] 

Paid-up Capital, $152,300. 

Alexander T. Galt, President. Edward Rawlings, Secretary. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 
for suspense account .... 



Total income 
Net or ledger assets Dec. 31, 1880 



Total 



$51,340 41 

2,447 30 

216 00 

$54,003 71 
174,092 61 

$228,096 32 



Disbursements. 

Cash paid for losses 

dividends paid policy-holders, applied in 



premiums 



Total paid policy-holders . 
Cash paid for dividends to stockholders . 
for commissions to agents 
for salaries and travelling expenses 
for medical examiner's fees 
for salaries of officers and office emi 
for taxes and fees 
for rent ..... 
for advertising .... 
for incidentals .... 

Total disbursements .... 

Balance ...... 



$12,246 08 


1,216 36 


$13,462 44 


4,631 43 


10,343 89 


1,483 31 


200 00 


4,317 43 


1,318 71 


625 00 


1,982 07 


5,908 29 


$44,272 57 


$183,823 75 



1881.] 



ASSETS AND LIABILITIES. 



125 



Invested in the following: — 

Assets as per Ledger Accounts. 

Value of stocks and bonds owned per schedule 
Cash in company's office .... 
deposited in bank .... 
Interest due and accrued .... 
Uncollected premiums on policies in force 

Total assets (as per balance) 

Liabilities. 

Unearned premiums on outstanding risks 
Death losses due and unpaid . 
Due for salaries, rent, and office expenses 
for commissions 

Liabilities as to policy-holders . 

Surplus as regards policy-holders 
Paid-up capital .... 

Surplus over capital . 

Exhibit of Policies. 

Accident policies in force Dec. 31, 1880 
New policies issued in 1881 

Total number and amount 
Terminated during 1881 . 

In force at end of year 

Massachusetts Business. 

Accident policies issued during the year . 



Montreal harbor bonds 

L. Champ, and St. Lawrence June. E..R 

Montreal corporation stock 

Montreal warehouse bonds 

Dominion stock .... 

United States bonds 



$142,153 00 

5,184 05 

22,700 33 

587 91 

13,198 46 

$183,823 75 



$19,277 55 

216 00 

1,000 00 

2,639 70 

$23,133 25 

$160,690 50 
152,300 00 

$8,390 50 



Number. Amount. 

2,633 $3,314,250 00 
5,651 8,483,805 00 



8,284 $11,798,055 00 
4,615 5,886,685 00 



3,669 $5,911,370 00 



Number. 


Amount. 


... «iO 


$48,000 00 


by the Company. 




Par value. 


Market value. 


$18,000 00 


$19,270 00 


5,000 00 


4,700 00 


5,000 00 


5,400 00 


9,733 33 


9,733 33 


549 67 


549 67 


100,000 00 


102,500 00 


$138,283 00 


$142,153 00 



126 



ACCIDENT INSURANCE COS. [Dec. 31, 



FIDELITY AND CASUALTY COMPANY, NEW YORK. 

[Incorporated March 20, 1876. Commenced business May 1, 1876.] 

Paid-up Capital $250,000. 

William M. Richards, President. John M. Crane, Secretary. 

Summary of Assets Dec. 31, 1881. 



United States bonds .... 

Loans on collateral security as per schedule, 
Cash in the office of the company 

deposited in Chemical Nat'l Bank 
Premiums in course of collection 
Bills receivable, secured . 
Personal loans, secured 

Glass on hand 

Furniture and fixtures . . $1,000 00 
Gross assets 

Liabilities 

Losses claimed and reported 
disputed or resisted 

f Fidelity 
Unearned premiums on out- j Plate-glass 
standing risks, ] Steam-boiler 

[ Accident 
Due and accrued for rent, salaries, etc. 
State and local taxes 
Commissions and brokerage 

Gross liabilities, except capital . 

Surplus as regards policy-holders 
Paid-up capital .... 

Surplus over capital . 

Income. 

Cash received for fidelity risks . 

Deduct re-insurance and return premiums, 

Net cash received for fidelity risks 
Cash received for plate-glass risks . 
Deduct re-insurance and return premiums, 

Net cash received for plate -glass risks, 
Cash received for boiler risks . 
Deduct re-insurance and return premiums, 

t cash received for boiler risks 
Cash received for accident risks 
Deduct re-insurance and return premiums, 

Net cash received for accident risks . 
Cash received for interest 
Received for increased capital . $172,500 

Gross cash income .... 



$258,551 25 

50,000 00 

9,139 00 

12,440 75 

42,850 98 

468 17 

1,650 00 

1,243 95 



$5,140 01 

3,000 00 

10,154 26 

16,147 16 

11,037 76 

54,904 88 

100 00 

225 00 

10,712 75 



$19,367 73 
2,032 73 

$32,944 37 
1,072 48 

$23,066 02 
702 56 

$110,860 79 
3,807 15 



$376,344 10 



111,421 82 

$264,922 28 
250,000 00 

$14,922 28 



$17,335 00 

31,871 89 

22,363 46 

107,053 64 
7,678 94 

$186,302 93 



1881.] 



ASSETS AND LIABILITIES. 



127 



Expenditures. 

Cash paid for fidelity claims . . . $1,747 79 

Deduct amount recovered . . . 592 95 

Net cash paid for fidelity claims . $1,154 84 

Cash paid for plate-glass claims . . $17,998 99 
Deduct salvage 2,359 69 

Net cash paid for plate-glass claims . 15,639 30 

Cash paid for steam-boiler claims ..... 2,087 85 

Cash paid for accident claims . . . $48,163 53 
Deduct re-insurance .... 274 56 

Net cash paid for accident claims . 47,888 97 

Cash paid for commissions and brokerage . . . 45,328 65 

for salaries of officers and employes . . 24,367 27 

for State and local taxes 3,308 94 

for incidentals 22,341 99 

Profit and loss account ....... 8,332 33 

Gross cash expenditures $170,450 14 



Risks and Premiums. 



Fidelity risks outstanding Dec. 31, 1880 
written during 1881 

Total 
Cancelled and expired 

In force at end of year 
Re-insured 

Net amount in force . 



$718,300 00 
2,730,940 00 

$3,449,240 00 
1,086,400 00 

$2,362,840 00 
20,000 00 



Premiums. 

$9,823 20 
23,012 59 

$32,835 79 
12,393 94 

$20,441 85 
133 33 



!,342,840 00 $20,308 52 



Plate-glass risks outstanding Dec. 31, 1880, $999,033 00 



written during 1881 



Total 
Cancelled and expired 

In force at end of year 
Re-insured 

Net amount in force . 



Boiler risks outstanding Dec. 31, 1880 
written during 1881 

Total 

Cancelled and expired 

In force at end of year 



1,282,297 00 

$2,281,330 00 
1,262,440 00 

$1,018,890 00 
3,350 00 



$1,868,608 00 
2,675,833 00 

$4,544,441 00 
2,313,333 00 



$29,833 16 
37,942 39 

$67,775 55 
35,404 76 

$32,370 79 
76 47 



$1,015,540 00 $32,294 32 



$18,527 11 
26,424 09 

$44,951 20 
22,875 68 



$2,231,108 00 $22,075 52 



128 



ACCIDENT INSURANCE COS. [Dec. 31, 



Accident risks outstanding Dec. 31, 1880, $9,482,473 00 
written during 1881 . . 17,519,599 00 



Total 
Cancelled and expired 

In force at end of year 
Re-insured 

Net amount in force . 



$27,002,072 00 
15,200,356 00 

$11,801,716 00 
444,543 00 



Premiums. 

$67,422 66 
151,407 58 

$218,830 24 
104,960 60 

$113,869 64 
4,059 87 



. $11,357,173 00 $109,809 77 



Risks written in 1881 
Premiums received . 
Losses incurred 
Losses paid 



Massachusetts Business. 

Fidelity. 
$13,750 00 

137 50 



Accident. 

$490,800 00 
4,556 09 
4,425 28 
4,425 28 



Securities held as collateral for cash loans : — 

Bleecker St. and Fulton F. R.R. stock . 
Delaware and Hudson Canal Co. stock 
Adams Express Company stock 
New York Central Railroad stock . 



Market value 

$5,700 00' 
21,400 00 
14,500 00 
19,800 00 j 



Loaned thereon. 



- $50,000 00 



UNITED STATES BRANCH OF THE GUARANTEE COM- 
PANY OF NORTH AMERICA, MONTREAL, CANADA. 

[Incorporated Aug. 2, 1851. Commenced business April, 1872.] 

Paid-up Capital, $292,580. 

Edward Rawlings, Managing Director. 



Summary of Assets Dec. 31, 1881. 



United States bonds 
Cash deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (net) 

Gross assets .... 
Deduct special deposit in Virginia . 



Balance 



$219,350 00 

12,751 18 

1,248 32 

3,703 21 



$237,052 71 
14,000 00 

$223,052 71 



Liabilities. 

Unearned premiums on outstanding risks, $14,354 90 
Gross liabilities 



14,354 90 



Surplus $208,697 81 



1881.] 



ASSETS AND LIABILITIES. 



129 



Income. 
Cash received for premiums . . . $37,733 08 
Deduct re-insurance and return premiums, 6,568 98 

Net cash received for premiums . 

Interest and dividends received from all sources 

Profit on bonds sold ........ 

Claims recovered ........ 



Gross cash income 



$31,164 10 

3,831 36 

3,750 00 

350 00 

$39,095 46 



Expenditures. 

Cash paid for losses 

dividends paid 

paid for commissions and brokerage 

for salaries of officers and employes . 

for state and local taxes . 

for incidentals ..... 

Gross cash expenditures .... 



$7,496 08 
1,700 85 
3,120 69 
8,146 23 
1,345 55 

13,763 92 

$35,573 32 



Risks and Premiums. 



Risks written during 1881 

Deduct risks expired and terminated 

In force at end of year 



$4,583,350 00 
1,296,450 00 



Premiums. 

$41,847 76 
13,137 95 



$3,286,900 00 $28,709 81 



Miscellaneous. 

Premiums received since commencing in United States . $31,164 10 

Losses paid since commencing in United States . . 7,496 08 

Losses incurred during the year 7,496 08 



HARTFORD STEAM-BOILER INSPECTION" AND INSURANCE 
COMPANY, HARTFORD, CONN. 

[Incorporated June, 1866. Commenced business October, 1866.] 

Paid-up Capital, $200,000. 

J. M. Allen, President. J. B. Pierce, Secretary. 



Detailed Statement of Stocks, Bonds, Etc. 



Connecticut state bonds . 

United States bonds 

Evansville (Ind.) city bonds 

Peoria (111.) township bonds 

Peoria (111.) county bonds 

Dayton and Western Railroad bonds 

St. Johnsbury and L. Cham. R.R. bonds, 

17 



Par value. 

$70,000 00 
48,000 00 
10,000 00 
5,000 00 
5,000 00 
15,000 00 
15,000 00 



Market value. 

$71,740 00 

56,160 00 

10,500 00 

5,250 00 

5,250 00 

15,750 00 

15,750 00 



130 



ACCIDENT INSURANCE COS. [Dec. 31, 



50 shares City National Bank 

13 " Hartford National Bank . 

50 " Security Company . 

100 " N. Y.,*N. H., and Hart. R.R. 

Urbana (111 ) township bonds (due and 
unpaid) ...... 



Tar value. 

$5,000 00 
1,300 00 
5,000 00 

10,000 00 

4,000 00 



Market value. 

$5,000 00 
2,210 00 
5,750 00 

17,000 00 



$193,300 00 $210,360 00 



Summary of Assets, Dec. 31, 1881. 



Cash value of unencumbered real estate . 
Loans on mort of real estate (first liens*), 
Interest due or accrued thereon 
Stocks and bonds as per schedule 
Cash in the office of the company 

deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (net) 
Gross assets .... 



$4,149 14 

98,750 00 

2,345 53 

210,360 00 

306 92 

29,155 63 

3,752 90 

27,459 27 



$376,279 39 



Liabilities. 

Losses claimed and reported 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent . 

Gross liabilities, except capital . 

Surplus as regards policy-holders 
Paid-up capital .... 

Surplus over capital . 



$8,246 77 

3,750 00 

118,644 63 

375 00 



131,016 40 

$245,262 99 
200,000 00 

$45,262 99 



Income. 

Cash received for prems. and inspections . $242,109 85 
Deduct re-insurance and return prems. . 9,362 55 

Net cash received for premiums . $232,747 30 

Interest received on bonds and mortgages . . . 6,307 42 

and dividends received from all other sources . 11,100 19 

Income from special services ...... 2,271 57 

Gross cash income ....... $252,426 48 



* Value of lands mortgaged $307,587 00 

Value of buildings thereon 64,320 00 

Amount of insurance held as collateral 16,700 00 



1881.] 



ASSETS AND LIABILITIES. 



131 



Expenditures. 

Cash paid for losses 

dividends paid .... 

paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals .... 

Gross cash expenditures . 



Risks and Premiums. 



Risks outstanding Dec. 31, 1880 
written during 1881 

Total 

Deduct risks expired and terminated 

In force at end of year 



. $17,483,267 00 
. 20,684,312 00 

. $38,167,579 00 
. 18,060,847 00 



$13,123 97 

20,000 00 

53,157 71 

12,416 66 

3,496 82 

113,282 75 

$215,477 91 



Premiums. 

$203,504 20 
242,724 58 

$446,228 78 
209,383 82 



,106,732 00 $236,844 96 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Losses incurred during the year .... 
Company's stock owned by directors 



Massachusetts Business. 

Risks written during 1881 
Premiums received (gross) 
Received for inspections . 
Losses paid 
Losses incurred 



$2,056,472 01 

142,513 21 

197,250 00 

20,000 00 

15,747 57 

48,200 00 



1,325,534 00 

22,303 56 

9,558 67 

323 88 

323 88 



METROPOLITAN PLATE-GLASS INSURANCE COMPANY, 

NEW YORK. 

[Incorporated April 22, 1874. Commenced business April 23, 1874.] 

Paid-up Capital, $100,000. 

Henry Harteau, President. Thomas S. Thorp, Secretary. 

Summary of Assets Dec. 31, 1881. 



United States bonds 
Cash in the office of company . 
deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (gross) 

Glass on hand 

Gross assets .... 



$143,437 50 

467 38 
11,522 53 

468 75 
4,758 85 
5,505 65 



$166,160 66 



132 



ACCIDENT INSURANCE COS. [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid .... $1,035 80 

Unearned premiums on outstanding risks, 37,654 39 

Due and accrued for rent, salaries, etc. . 1,284 82 

Commissions and brokerage . . . 951 76 
Gross liabilities, except capital . 

Surplus as regards policy-holders 
Paid-up capital .... 

Surplus over capital . 

Income. 
Cash received for premiums . . . $78,906 67 
Deduct re-insurance and return premiums, 4,930 95 

Net cash received for premiums . 

Interest and dividends received from all sources 

Gross cash income ....... 

Expenditures. 

Cash paid for losses $32,184 81 

Deduct salvage and re-insurance . . 6,978 29 

Net cash paid for losses . . . 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes . 

Gross cash expenditures 

Risks and Premiums. 



Risks outstanding Dec. 31, 1880 
written during 1881 

Total 

Deduct risks expired and terminated 

In force at end of year 



$1,859,621 00 
2,553,627 00 

$4,413,248 00 
1,998,743 00 



,926 77 



$125,233 89 
100,000 00 

$25,233 89 



$73,975 72 
5,637 50 

$79,613 22 



$25,206 52 
10,000 00 
16,801 46 
20,166 99 

$72,174 97 



Premiums. 

$58,193 54 
79,595 73 

$137,789 27 
62,480 49 



$2,414,505 00 $75,308 78 



Miscellaneous. 

Premiums received from organization of company . . $411,934 00 

Losses paid from organization of company (net) . . 120,675 00 

Cash dividends declared from organization of company . 57,000 00 

Dividends declared during the year (10 per cent) . . 10,000 00 

Losses incurred during the year ..... 32,356 50 

Company's stock owned by directors .... 48,500 00 

Massachusetts Business. 

Risks written during 1881 $279,457 43 

Premiums received (gross) 8,459 45 

Losses paid 2,706 94 

ea incurred 2,706 94 



1881.] 



ASSETS AND LIABILITIES. 



133 



MUTUAL BOILER INSURANCE COMPANY, BOSTON. 

[Incorporated April 13, 1877. Commenced business June 1, 1877.] 

Herbert Coolidge, Secretary. 
Summary of Assets, Dec. 31, 1881. 



Cash in the office of the company . 


$279 12 




deposited in the Third Nat'l Bank . 


22 84 




Premiums in course of collection (net) 


135 00 




Due for inspections .... 


32 00 




for rent ..... 


79 00 




Test gauges ..... 


200 00 




Corporation notes .... 


1,545 99 




Premium notes liable to assess- 






ment .... $25,274.70 




Gross assets .... 

LlABILITIE 




$2,293 95 


s. 


Uuearned premiums on outstanding risks 


$2,837 30 




Rents, salaries, and incidental expenses 


774 27 




Gross liabilities .... 




3,611 57 





*5,645 61 




204 77 






$5,440 84 




• • 


78 67 


• • 


193 55 



Impairment ........ * $1,317 62 

Income. 

Gross cash prems. rec'd during the year 
Deduct return premiums . 

Net cash premiums received 
Received for rents . 

from special inspections 

Gross cash income $5,713 06 

Expenditures. 
Paid for brokerage and commissions 

for salaries and fees of officers and employes 

for state and local taxes . 

for rents ...... 

for incidental expenses 

Gross cash expenditures . 

Miscellaneous. 
Risks outstanding Dec. 31, 1880 
written during 1881 
Total .... 

Risks terminated during 1881 . 
Net amount in force Dec. 31, 1881 
Deposit notes received on outstanding risks 

* Since this statement was rendered the Mutual Boiler Insurance Company has been 
thoroughly reorganized ; and under its present management this impairment has largely 
disappeared, its business has been increased, a cash reserve fund accumulated, and its 
expenses reduced more than one-half. 



yes . 


$48 51 

4,256 95 

58 33 

425 00 

811 39 


• • • 

1851,340 00 
635,140 00 


$5,600 18 

$1,486,480 00 

869,340 00 

617,140 00 

25,274 70 


• • • 

• • • 



134 



ACCIDENT INSURANCE COS. [Dec. 31, 



Massachusetts Business. 

Risks written during the year .... 

Premiums received ...... 

Deposit notes received ..... 



$452,240 00 

3,819 87 

19,069 35 



TRAVELERS' INSURANCE COMPANY (ACCIDENT DEPART- 
MENT) OF HARTFORD, CONN. 

[Incorporated June 17, 1863. Commenced business April 1, 1864.] 

Paid-up Capital, $600,000. 

James G. Batterson, President. Rodney Dennis, Secretary. 



Income. 

Total premium income 

Cash received for interest on stocks, bonds, and loans 

for interest on other debts due the company, 
as discount on claims paid in advance . . 
for rents of company's property . 



$1,684,750 44 

67,483 91 

7,301 73 

884 18 

1,109 98 



Total income $1,761,530 24 

Net or ledger assets Dec. 31, 1880 . . . . . 1,416,888 91 



Total 



Disbursements. 

Cash paid for losses ■ 

for dividends to stockholders . 

for commissions to agents 

for salaries and travelling expenses of agents 

for medical examiner's fees 

for salaries of officers and office employes 

for taxes and fees ..... 

for rent ....... 

for furniture and office fixtures 

for advertising ...... 

for incidentals 

Total disbursements ...... 



Balance 



$3,178,419 15 



$714,008 16 

72,000 00 

403,261 19 

118,445 09 

21,814 87 

69,027 89 

20,645 49 

17,505 55 

2,684 45 

27,015 15 

78,108 49 

$1,544,516 33 

$1,633,902 82 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate ...... 

Loans on mortgage of real estate (first liens) . 

on collateral security (schedule A) 
Cost value of stocks and bonds owned (schedule B) 
Cash in company's office 



5,937 32 

88,700 00 

76,000 00 

1,095,716 43 

1,336 75 



1881.] ASSETS AND LIABILITIES. 135 

Cash deposited in bank $248,999 69 

Bills receivable 19,716 11 

Agents' ledger balances 14,496 52 

Ledger assets (as per balance) ..... $1,633,902 82 

Deduct depreciation from cost of real estate . . . 19,037 32 

Total net or ledger assets $1,614,865 50 

Other Assets. 

Interest accrued . . . . . . . . 1,611 82 

Market value of stocks and bonds over cost . . . 86,109 49 



Total assets per company's books .... $1,702,586 81 

Items not admitted. 

Agents' balances $14,496 52 

Bills receivable 19,716 11 

Total 34,212 63 



Total assets of Accident Department . . . $1,668,374 18 
of Life Department .... 4,446,128 52 



Gross assets $6,114,502 70 

Liabilities. 

Premium reserve on account of accident risks outstanding 
Dec. 31, 1881 $578,696 30 

Death losses and matured endowments in 
process of adjustment .... $121,900 00 

Claims resisted by the company . . 50,000 00 

Total policy-claims .... 171,900 00 

Due for salaries, rent, and office expenses . . . 10,000 00 



Liabilities as to policy-holders in Accident Department . $760,596 30 

in Life Department . . 3,820,326 00 



Gross liabilities $4,580,922 30 

Surplus as regards policy-holders .... $1,533,580 40 
Exhibit of Policies. 

Number. Amount. 

Accident policies in force Dec. 31, 1880 . . 64,830 $138,258,483 00 
New policies issued in 1881 .... 97,564 192,677,50700 



Total 162,394 $330,935,990 00 

Policies ceased to be in Force during the Year. 

X umber. Amount. 

Terminated by death 121 $348,575 00 

by expiry 94,057 177,448,483 00 



Total terminated 94,178 $177,797,058 00 

Policies in force Dec. 31, 1881 .... 68,216 $153,138,932 00 



136 



ACCIDENT INSURANCE COS. [Dec. 31, 



Schedule A. 

Securities held as Collateral. 

Market value. 

22 shares New York, N. H., and H. R.R. $3,850 00 

250 " National Fire Insurance Co. . 35,000 00 

Texas and New Orleans Railroad bonds . 75,000 00 



Amount loaned. 

$1,000 00 
15,000 00 
60,000 00 



$113,850 00 $76,000 00 



Schedule B, 
Stocks and Bonds owned by 

United States bonds 

Connecticut state bonds . 

Tennessee state bonds 

Virginia state bonds 

Johnson county (111.) bonds 

Wayne county (111.) bonds 

White county (111.) bonds 

Elizabeth city bonds 

Chicago water loan bonds 

Lima (O.) city bonds 

Bloomfield (Conn.) bonds 

Howard (Kan.) township bonds 

Paw Paw township bonds 

Indianapolis and Cincinnati R.R. bonds 

Chicago and North-Western R.R. bonds 

Dubuque and Sioux City R.R. bonds 

Chicago, Burl., and Quincy R.R. bonds 

550 shares N. Y., N. H., and II. R.R. 
2,000 

100 

400 

118 

100 

100 

100 
60 

250 

429 

264 

181 

192 

100 

340 

350 

100 

100 

100 

300 



Pennsylvania Railroad . 
Chic, Rock Isl., and P. R.R 
Chicago, Burl., and Q. R.R 
Chic, Mil., and St. Paul R.R 
Illinois Central Railroad 
Chic, and No. -Western R.R 
Chicago and Alton Railroad 
Repub. Valley Railroad 
American Nat'l Bank, Hart 
City Nat'l Bank, Hartford 
Phoenix Nat'l B'k, Hartford, 
Far. and Mech. N'l B'k, H'd, 
JEtna Nat'l Bank, Hartford. 
Mercantile Nat'l B'k, Hart'd, 
Hartford Nat'l Bank, Hart. . 
National Exch. Bank, Hart. 
New Britain Nat'l B'k, N. B. 
Nassau National Bank, N. Y. 
Nat'l Bank of Comm., N. Y. 
Hartford Trust Company 



the Company. 
Cost value. 

$270,339 50 

17,754 66 

26,677 50 

15,109 50 

21,464 61 

4,486 82 

8,060 44 

9,593 33 

29,950 00 

15,000 00 

30,000 00 

20,441 43 

6,813 50 

12,090 00 

10,312 50 

10,400 00 

3,000 00 

88,936 25 

126,661 00 

43,505 00 

10,343 75 

8,781 25 

7,856 25 

8,106 25 

3,000 00 

13,782 50 

39,311 75 

35,412 50 

22,822 88 

23,694 87 

9,982 00 

54,645 13 

23,137 01 

11,500 00 

11,000 00 

13,975 00 

27,769 25 



Market value. 

267,576 25 
18,131 67 
23,680 00 
13,545 00 
21,560 00 
4,850 00 
8,330 00 
4,200 00 
36,000 00 
15,000 00 
30,000 00 
20,400 00 
6,800 00 
14,300 00 
10,900 00 
11,500 00 
5,220 00 
96,250 00 
122,000 00 
13,300 00 
54,800 00 
13,826 00 
13,200 00 
13,900 00 
13,000 00 
7,080 00 
18,750 00 
40,755 00 
45,408 00 
24,254 00 
24,960 00 
13,000 00 
57,800 00 
26,950 00 
14,500 00 
10,200 00 
15,000 00 
30,900 00 



,095,716 43 $1,181,825 92 



1881.] 



ASSETS AND LIABILITIES. 



137 



Massachusetts Business. 

Risks written during 1881 $16,471,516 00 

Premiums received ........ 134,352 53 

Losses incurred ........ 62,607 55 

Losses paid 60,107 55 



UNITED STATES PLATE-GLASS INSURANCE COMPANY, 
PHILADELPHIA, PENN. 

[Incorporated April 12, 1867. Commenced business August, 1867.] 

Paid-up Capital, $100,000. 

Joseph S. Chahoon, President. Isaac Rindge, Secretary. 



Summary of Assets, Dec. 31, 1881. 



Cash value of unencumbered real estate 
Loans on mort. of real estate (first liens*) 
Building association stock 
300 shares Gas and Water Company 

Downington, Penn. 
Cash in the office of the company 

deposited in various banks 
Premiums in course of collection (gross) 
Rents due and accrued 
Glass on hand . 
Due from sales of glass . 
Personal loans . 
Ground-rents . 
Gross assets 



$31,746 00 


, 52,000 00 


640 00 


15,000 


00 


361 


34 


8,989 46 


1,351 


45 


1,089 


50 


4,583 


00 


1,309 


15 


351 


75 


444 


50 




$117,866 15 



Liabilities 

Losses claimed and reported 

Unearned premiums on outstanding risks, 

Due and accrued for rent, salaries, etc. 

State and local taxes 

Commissions and brokerage 

Bills payable . 

Gross liabilities, except capital . 

Surplus as regards policy-holders 
Paid-up capital .... 



Surplus over capital 



$140 57 


5,462 


77 


3,264 


32 


200 00 


202 


68 


• 755 


41 



10,025 75 

$107,840 40 
100,000 00 

$7,840 40 



* Total value of property mortgaged . 
Amount of insurance held a* collateral 



18 



$102,500 00 
20,500 00 



138 ACCIDENT INSURANCE COS. [Dec. 31, '81. 



Income. 

Cash received for premiums . . . $11,912 17 

Deduct re-insurance and return premiums, 300 20 

Xet cash received for premiums . $11,611 97 

Interest and dividends received from all sources . . 7,879 71 

Income from glass sold, etc 3,294 02 

from ground-rent 26 67 

Gross cash income $22,812 37 



Expenditures. 
Cash paid for losses ..... 
Deduct salvage and re-insurance 

Net cash paid for losses 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for rent, glass, etc. . 

Gross cash expenditures . 



Risks and Premiums. 



$2,537 48 
392 85 



Risks outstanding Dec. 31, 1880 
written during 1881 

Total 

Deduct risks expired and terminated 

In force at end of year 



§300,582 00 
317,224 00 

$617,806 00 
326,356 00 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 

incurred during the year 
Company's stock owned by directors 

Massachusetts Business. 

Risks written during 1881 .... 

Premiums received ...... 

Losses incurred ...... 

paid 



$2,144 63 

2,013 56 

9,411 20 

903 00 

6,965 93 

$21,438 32 



Premiums. 

$11,407 72 
11,963 11 

$23,370 83 
12,445 29 



$291,450 00 $10,925 54 



$196,899 51 

40,107 09 

2,078 05 

90,000 00 



$71,395 29 

2,352 99 

652 30 

652 30 



MUTUAL AID AND OTHEK BENEFICIAKY 

ASSOCIATIONS. 

SUMMARY OF STATEMENTS RECEIVED. 



no 



MUTUAL AID AND OTHER [Dec. 31, 



SUMMARY OF STATEMENTS RECEIVED. 



MASONIC BENEFICIARY ASSOCIATIONS. 



BOSTON MASONIC MUTUAL BENEFIT ASSOCIATION, 

BOSTON. 

[Incorporated Jan. 29, 1879. Commenced business Feb. 3, 1879.] 

Solomon A. Bolster, President. Charles H. Baldwin, Secretary. 
Office, Room 30, Masonic Temple. 



Income during 1881. 



For membership fees 
assessments 



Total income 
Balance on hand Dec. 31, 1880 



Total 



$280 00 
339 85 

$619 85 
115 26 

$735 11 



Disbursements during 1881. 



Cash paid for losses and claims (1 death) 
for medical examiner's fees 
for salaries of officers and em- 
ploye's .... 
for postage, stationery, etc. 
Total disbursements . 



Balance 



$176 00 
3 50 

15 00 
120 25 



314 75 
$420 36 



Assets Dec. 31, 1881. 



Cash deposited in banks 



$420 36 



Membership Dec. 31, 1881 
Certificates in force . 
Amount represented therein 



181 

181 

12,761 00 



1881.] 



BENEFICIARY ASSOCIATIONS. 



141 



MASONIC MUTUAL RELIEF ASSOCIATION OF CENTRAL 
MASSACHUSETTS, WORCESTER. 

[Incorporated March 8, 1876. Commenced business March, 1873.] 

Josiah Pickett, President. George E. Boyden, Secretary. 



Income for Year ending March 15, 1882. 

For membership fees 

assessments ........ 

assessments paid in advance ..... 

interest 



Total income 
Balance on hand March 15, 1881 



Total 



$851 00 

44,704 00 

3,154 00 

407 15 

$49,116 15 
12,569 14 

$61,685 29 



Disbursements. 
Cash paid for losses and claims (23 deaths), $46,000 00 
for salaries of officers and em- 
ployes 900 00 

for postage, printing, etc. . 615 44 

Total disbursements .... 



Balance 



47,515 44 

$14,169 85 



Assets March 15, 1882. 

Cash in principal office .... $3,951 90 

deposited in savings banks . . 10,217 95 
Total amount of cash items 

Membership March 15, 1882 . 
Certificates in force . 
Amount represented therein 



$14,169 85 

2,549 

2,549 

1,372,500 00 



CONNECTICUT VALLEY MASONIC RELIEF ASSOCIATION, 

GREENFIELD. 

[Incorporated August, 1875. Commenced business Aug. 3, 1875.] 

E. A. Hall, President. F. W. Williams, Secretary. 



Income for Year endin 
For membership fees 
assessments 
interest 

Total income 
Balance on hand Aug. 3, 1880 

Total ... 



g Aug. 2, 1881. 



$93 50 

1,237 50 

27 10 

$1,358 10 

843 77 

$2,201 87 



142 



MUTUAL AID AND OTHER [Dec. 31, 



Disbursements. 

Cash paid for losses and claims (4 deaths), $1,146 00 
for salaries of officers and em- 
ploye's 110 00 

postage, printing, etc. . . 40 29 

Total disbursements .... 



Balance 



Assets Aug. 2, 1881. 
Cash in principal office .... $309 71 
deposited in banks .... 595 87 
Total amount of cash items . . 



Assessments not yet due . 



$302 50 



Liabilities Aug. 2, 1881. 
Adjusted losses and claims not yet due 

Membership Aug. 2, 1881 .... 

Certificates in force ...... 

Amount represented therein .... 



$1,296 29 



5 58 



§905. 58 



$290 00 

290 

290 

$84,100 00 



EASTERN MASSACHUSETTS MASONIC MUTUAL RELIEF 
ASSOCIATION, BOSTON. 

[Incorporated Dec. 31, 1878. Commenced business March, 1873.] 

Edward H. Brainard, President. Manning C. Davy, Secretary. 

Office, 12 Summer Street. 



Income during 1881. 



For membership fees 
assessments 
interest 



Total income 
Balance on hand Dec. 31, 1880 



Total 



$1,107 00 

24,738 49 

297 40 

$26,142 89 
9,387 81 

$35,530 70 



Disbursements during 1881, 

Cash paid for losses and claims (15 deaths), $22,442 00 
for salaries of officers and em- 
ployes 1,000 00 

for furniture and fixtures . 150 00 

for all other items . . . 715 10 

Total disbursements .... 24,307 10 



Balance 



$11,223 60 



1881.] 



BENEFICIARY ASSOCIATIONS. 



143 



Assets Dec. 31, 1881. 
Cash in principal office .... $2,902 17 



deposited in savings banks 
Bonds owned .... 
Total amount of cash items 

Membership Dec. 31, 1881 
Certificates in force . 
Amount represented therein 



3,234 54 

5,086 89 



$11,223 60 

1,559 

1,559 

$2,428,481 00 



ESSEX COUNTY MASONIC MUTUAL RELIEF ASSOCIATION, 

LYNN. 

[Organized March 4, 1875. Commenced business March 4, 1875.] 

Thomas J. Hutchinson, President. William H. Kendall, Secretary. 



Income during 1881. 



For membership fees 
assessments 
interest 



Total income 
Balance on hand Dec. 31, 1880 



Total 



Disbursements during 1881 



Cash paid for losses and claims (1 death) . 
for salaries of officers and em- 
ployes ..... 
for printing, rent, and postage . 
Total disbursements .... 



$634 00 



Balance 



Assets Dec. 31, 1881. 

Cash in principal office .... 
deposited in banks .... 
Total amount of cash items 

Membership Dec. 31, 1881 , , , . 
Certificates in force ...... 

Amount represented therein .... 



$45 59 
685 29 



$87 00 

665 70 

24 97 

$777 67 
705 58 

1,483 25 



46 63 




71 74 






752 37 



6730 88 



$730 88 

321 
321 

$206,082 00 



141 MUTUAL AID AND OTHER [Dec. 31, 



LAWRENCE MASONIC MUTUAL RELIEF ASSOCIATION", 

LAWRENCE. 

[Commenced business July 24, 1874.] 

IT. P. H. Melyin, President. A. E. Mack, Secretary. 

Income during 1881. 

For membership fees $26 00 

assessments . 521 40 

interest 21 88 

Total income $569 28 

Balance on hand Oct. 1, 1S80 546 95 

Total $1,116 23 

Disbursements during 1881. 
Cash paid for losses and claims (3 deaths), $480 00 
for salaries of officers and em- 
ployes 25 00 

for printing, postage, etc. . 14 97 

Total disbursements . . . 519 97 

Balance $596 26 

Assets Oct. 1, 1881. 
Cash deposited in savings banks $596 26 

Membership Oct. 1, 1881 161 

Certificates in force 161 

Amount represented therein $25,921 00 



SOUTHERN MASSACHUSETTS MASONIC MUTUAL RELIEF 
ASSOCIATION, TAUNTON. 

[Organized Aug. 19, 1873. Commenced business Sept. 11, 1873.] 

Edward Mott, President. George F. Pratt, Secretary. 

Income for Year ending Sept. 12, 1881. 

For membership fees $405 00 

assessments • . . ... . . . . 10,918 60 

interest 191 54 

Total income $11,515 14 

Balance on hand Sept. 12, 1880 3,639 90 

Total $15,155 04 



1881.] BENEFICIARY ASSOCIATIONS. 145 

Disbursements. 

Cash paid for losses and claims (10 deaths), $9,945 00 
for salaries of officers and em- 
ployes 

for printing, stationery, etc. 
Total disbursements .... 

Balance $4,574 49 

Assets Sept. 12, 1881. 

Cash deposited in banks $4,574 49 

United States bond 1,000 00 



500 00 




135 55 






$10,580 55 





Total cash assets (as per balance) .... $5,574 49 
Assessments not yet due . . . . $1,116 50 

Liabilities Sept. 12, 1881. 

Amount due for salary of secretary $500 00 

Membership Sept. 12, 1881 1,017 

Certificates in force 1,017 

Amount represented therein $1,034,289 00 



SUFFOLK MASONIC MUTUAL RELIEF ASSOCIATION, 

BOSTON. 

[Commenced business Oct, 19, 1877.] 

* 

Richard Beeching, President. Horace B. Butler, Secretary. 

Office, Masonic Hall, East Boston. 

Income during 1881. 

For membership fees ....... $12 00 

assessments ........ 104 40 

interest ......... 16 75 

Total income ........ $133 15 

Balance on hand Dec. 31, 1880 470 21 

Total $603 36 

Disbursements during 1881. 

Cash paid for losses and claims (1 death), $96 00 
for salaries of officers and em- 
ployes 30 00 % 

printing, postage, and gas . 24 98 

Total disbursements .... 150 98 

Balance $452 38 

19 



146 MUTUAL AID AND OTHER [Dec. 31, 

Assets Dec. 31, 1881. 

Cash in principal office .... $52 38 

United States bond 400 00 

Total amount of cash items . . $452 38 

Membership Dec. 31, 1881 94 

Certificates in force ........ 94 

Amount represented therein $8,836 00 



UNION MASONIC MUTUAL RELIEF ASSOCIATION, 
NEWTONVILLE. 

[Incorporated Feb. 1, 1879. Commenced business May, 1873.] 

Luther E. Leland, President. Joseph W. Grigg, Secretary. 

Income during Year ending April 30, 1882. 

For membership fees $191 00 

assessments ........ 3,763 10 

Received from all other sources ..... 222 07 

Total income $4,176 17 

Balance on hand April 30, 1881 3,396 87 



Total $7,573 04 



Disbursements. 

Cash paid for losses and claims (6 deaths), 
for salaries of officers and em- 
ployes 

for all other items . 
Total disbursements .... 


$3,401 00 

340 00 ' 
209 42 


$3,950 42 






$3,622 62 



Assets April 30, 1882. 

Cash deposited in banks $3,622 62 

Memlfership April 30, 1882 1,017 

Certificates in force ....*... 1,017 

Amount represented therein ...... $1,034,289 00 



1881.] 



BENEFICIARY ASSOCIATIONS. 



147 



MASONIC MUTUAL RELIEF ASSOCIATION OF WESTERN 
MASSACHUSETTS, SPRINGFIELD. 

[Incorporated October, 1875. Commenced business August, 1870.] 

George W. Ray, President. Arthur I. Bemis, Secretary. 



Income for Year ending Nov. 1, 1881. 
For membership fees 
assessments 
interest 

Total income 
Balance on hand Nov. 1, 1880 



Total 



Disbursements. 



Cash paid for losses and claims (2 1 deaths), 
for salaries of officers and em- 
ployes ..... 
for furniture, fixtures, and safe, 
for advertising, postage, etc. 
for rent and incidentals . 
Total disbursements .... 



$52,500 00 

1,563 95 
320 97 

597 90 
784 91 



Balance 



Assets Nov. 1, 1881. 
Cash deposited in banks ..... 

Furniture, fixtures, and safe . 



,395 97 



Liabilities Nov. 1, 1881. 
Assessments paid in advance .... 

Membership Nov. 1, 1881 .... 

Certificates in force ...... 

Amount represented therein .... 



$899 00 

56,163 00 

993 95 

$58,055 95 
25,287 71 

$83,343 66 



55,767 73 

$27,575 93 

$27,575 93 



$320 00 

2,680 

2,680 

1,700,000 00 



148 MUTUAL AID AND OTHER [Dec. 31, 



ODD FELLOWS' BENEFICIARY ASSOCIATIONS. 



ODD FELLOWS' MUTUAL BENEFIT ASSOCIATION QF 
CHARLESTOWN DISTRICT, BOSTON. 

[Incorporated Jan. 7, 1881. Commenced business Nov. 29, 1870.] 

John Turner, President. Fred. M. Reed, Secretary. 

Office, No. 21 Main Street. 

Income during 1881. 

For membership fees $120 00 

assessments ........ 5,956 00 

Received from fines 76 50 

Total income $6,152 50 

Balance on hand Dec. 31, 1880 666 54 

Total $6,819 01 

Disbursements during 1S81. 

Cash paid for losses and claims (11 deaths), $5,974 00 
for salaries of officers and em- 
ployes . . . . . 205 81 
for all other items . . . 115 80 

Total disbursements . . . 6,295 61 

Balance $523 43 

Assets Dec. 31, 1881. 

Cash in principal office .... $233 84 
deposited in savings banks . . 289 59 
Total amount of cash items . . $523 43 

Assessments due and unpaid . . . $22 25 

Membership Dec. 31, 1881 541 

Certificates in force ........ 541 

Amount represented therein ...... $292,681 00 



1881.] BENEFICIARY ASSOCIATIONS. 149 

ODD FELLOWS' MUTUAL BENEFIT ASSOCIATION, 

CHELSEA. 

[Incorporated March 27, 1874. Commenced business March 27, 1874.] 

John U. Perkins, President. Charles W. Allen, Secretary. 

Income during 1881. 

For membership fees $65 00 

assessments 141 90 



Total income $206 90 

Balance on hand Dec. 31, 1880 212 32 

Total $419 22 

Disbursements during 1881. 
Cash paid for losses and claims (1 death), $142 00 

for salaries of officers and em 

ploye's 25 00 

for printing, postage, etc. . 35 95 

Total disbursements . 



Balance 



202 95 
$216 27 



Assets Dec. 31, 1881. 

Cash in principal office .... $15 76 

deposited in banks .... 200 51 

Total amount of cash items . . $216 27 

Interest due and accrued .... $5 29 

Membership Dec. 31, 1881 157 

Certificates in force 157 

Amount represented therein . . . . . . $24,649 00 



COLUMBIAN MUTUAL BENEFIT ASSOCIATION, STONEHAM. 

[Incorporated Sept. 15, 1881. Commenced business Sept. 24, 1881.] 

Eliphalet Cloutman, President. George L. W. Dike, Secretary. 

Income from Commencement of Business to Jan. 7, 1882. 

For membership fees $409 69 

assessments 308 00 

interest 8 10 

Total income $725 79 

Disbursements. 
Cash paid for book 1 10 

Balance $724 69 



150 



MUTUAL AID AND OTHER [Dec. 31, 



Assets Jan. 7, 18S2. 

Cash in principal office . . . . $311 35 

deposited in banks . . . . 413 34 

Total amount of cash items . . 

Assessments not yet due .... $98 00 

Liabilities Jan. 7, 1882. 
Adjusted losses and claims not yet due .... 

Membership Jan. 7, 1882 

Certificates in force ........ 

Amount represented therein ...... 



$724 69 



$204 00 

100 
100 

$20,000 00 



ODD FELLOWS' MUTUAL RELIEF ASSOCIATION OF THE 
CONNECTICUT RIVER VALLEY. SPRINGFIELD. 

[Incorporated Feb. 3, 1876. Commenced business February, 1873.] 

John M. Wood, President. W. W. Gardner, Secretary. 



Income during 1881. 
For membership fees 

assessments .... 
Received from interest, re-insurance, etc. 

Total income .... 
Balance on hand Dec. 31, 1880 



Total 




Disbursements during 1881. 
Cash paid for losses and claims (34 

deaths) . . .. • . $31,212 00 
for salaries of officers and 

employes . . . . 1,221 07 

for printing, postage, rent, 

etc 1,882 87 

Total disbursements .... 

Balance 

Assets Dec. 31, 1881. 
Cash in principal office .... $549 18 



deposited in banks . 
Total amount of cash items 

Balance (excess) unaccounted for 

Interest due and accrued . 

— incuts due and unpaid . 
Office furniture, etc. 

Total .... 



9,509 35 



$1,221 00 

28,456 00 

1,173 59 

$30,850 59 
12,298 41 

$43,149 00 



34,315 94 

$8,833 06 





10,058 53 


. 


$1,225 47 


$213 55 




657 00 




450 00 





,320 55 



1881.] 



BENEFICIARY ASSOCIATIONS. 



151 



Liabilities Dec. 31, 1881. 

Adjusted losses and claims not yet due .... 

due and unpaid 
Amount due for salaries of officers and office employe's . 
Rent and incidentals ....... 

Total liabilities ...... . . 

Membership Dec. 31, 1881 

Certificates in force ........ 

Amount represented therein 



$657 00 


571 31 


341 43 


124 66 


$1,694 40 


3,673 


3,673 


,442,044 00 



DORCHESTER MUTUAL BENEFIT ASSOCIATION, BOSTON. 

[Commenced business Oct. 29, 1873.] 

Samuel Cochran, President. J. K. Tileston, Secretary. 

Office, Neponset Avenue. 

Income during 1881. 



For membership fees 


$13 00 
117 50 


Balance on hand Jan. 18, 1881 


$130 50 
161 08 


Disbursements during 1881. 

Cash paid for losses and claims (1 death), $91 00 
for printing, postage, etc. . 43 46 


$291 58 
134 46 


• 






$157 12 



Assets Jan. 18, 1882. 



Cash in principal office 



Membership Jan. 18, 1882 
Certificates in force . 
Amount represented therein 



$157 12 

93 

93 

3,649 00 



152 



MUTUAL AID AND OTHER [Dec. 31, 



ODD FELLOWS' MUTUAL RELIEF ASSOCIATION OF ESSEX 

NORTH, SALEM. 

[Incorporated Sept. 22, 1877. Commenced business June, 1869.] 

James S. Hutchinson, President. Nathaniel A. Verry, Secretary. 



Income during 1881. 

For membership fees 

assessments 
Received from interest, fines, etc. 

Total income 
Balance on hand Dec. 31, 1880 

, Total .... 

Disbursements during 1881 

Cash paid for losses and claims (24 deaths), $23,765 00 
for commissions on collections . 457 46 
for salaries of officers and em- 
ployes 592 67 

for postage, printing, etc. . 419 24 

Total disbursements .... 



$400 25 

25,692 70 

137 15 

$26,230 10 
4,409 17 

$30,639 27 



25,234 37 



Balance $5,404 90 

$5,404 90 



Assets Dec. 31, 1881. 
Cash deposited in banks 

Assessments due and unpaid . . . $28 00 



Liabilities Dec. 31, 18S1. 
Adjusted losses and claims not yet due 

Membership Dec. 31, 1881 .... 

Certificates in force ...... 

Amount represented therein .... 



$1,989 00 

1,642 

1,984 

. $1,979,025 00 



ODD FELLOWS' MUTUAL BENEFIT ASSOCIATION, LOWELL. 

[Commenced business July 15, 1868.] 

Thomas Collins, President. George M. Elliott, Secretary. 



Income for Year ending July 15, 1881. 
For membership fees 



assessments 



Total income 
Balance on hand July 15, 1880 

Total . 



$174 75 
8,477 25 

$8,652 00 
1,528 51 

$10,180 51 



1881.] 



BENEFICIARY ASSOCIATIONS. 



153 



Disbursements. 

Cash paid for losses and claims (11 deaths), 
for salaries of officers and em- 
ployes ..... 
for all other items 
Total disbursements .... 


$8,388 00 

170 00 
150 88 





$8,708 88 
$1,471 63 



Assets July 15, 1881. 

Cash in principal office .... $696 63 
deposited in banks .... 775 00 
Total amount of cash items . . $1,471 63 

Membership July 15, 1881 760 

Certificates in force . 760 

Amount represented therein $577,600 00 



LYNN ODD FELLOWS' MUTUAL BENEFIT ASSOCIATION, 

LYNN. 

[Incorporated April 19, 1881. Reorganized April 19, 1881.] 

John S. Mansfield, President, Charles A. Johnson, Secretary. 



Income during 1881. 
For membership fees 
assessments 

Total income 
Balance on hand Dec. 31, 1880 

Total .... 



S36 00 
2,772 00 

$2,808 00 
82 56 

$2,890 56 



Disbursements during 1881. 
Cash paid for losses and claims . . $2,628 00 
for salaries of officers and em- 
ployes 152 89 



Total disbursements . 
Balance 



2,780 89 
$109 67 



Assets Dec. 31, 1881. 
Cash deposited in banks 

Membership Dec. 31, 1881 . . . 

Certificates in force 

Amount represented therein .... 
20 



$109 67 

443 
443 

$382,398 00 



154 



MUTUAL AID AND OTHER [Dec. 31, 



ODD FELLOWS' BENEFIT ASSOCIATION OF THE STATE OF 
MASSACHUSETTS, BOSTON. 

[Incorporated Feb. 25, 1881. Commenced business Marcb 20, 1874.] 

William E. Ford, President. J. G. Bartholmesz, Secretary. 

Office, No. 515 Tremont Street. 

Income during 1881. 

For membership fees $801 00 

assessments 23,939 20 

Received from all other sources 277 79 

Total income $25,017 99 

Balance on hand Dec. 31, 1880 3,480 02 

Total $28,498 01 

Disbursements during 1881. 

Cash paid for losses and claims (27 deaths), $23,969 00 
for salaries of officers and em- 
ploye's 697 48 

for all other items . . . 528 20 
Total disbursements .... 25,194 68 

Balance . $3,303 33 

Assets Dec. 31, 1881. 
Cash deposited in banks $3,303 33 

All other property, as follows : safe. . . $175 00 

Membership Dec. 31, 1881 1,724 

Certificates in force 1,724 

Amount represented therein ...... $1,525,291 00 



NEW ENGLAND PROVIDENT ASSOCIATION, EAST CAM- 
BRIDGE. 

[Incorporated April 16, 1878. Commenced business April 16, 1878.] 

G. H. Loomis, President. Walter Winward, Secretary. 



Income during 1881. 

For membership fees 

Balance on hand Dec. 31, 1880 

Total 



$24 80 
389 32 

$414 12 



1881.] BENEFICIARY ASSOCIATIONS. 



155 



Disbursements during 1881. 

Cash paid for salaries of officers and em- 
ploye's $50 00 

for printing, postage, etc. . 14 37 

Total disbursements .... 



Balance 



Assets Dec. 31, 1881. 



Cash in principal office 

deposited in banks . 
Total amount of cash items 

Interest due and accrued . 

Membership Dec. 31, 1881 
Certificates in force . 
Amount represented therein 



$4 05 
345 70 

$21 25 



$64 37 
$349 75 



$349 75 



151 
151 

$22,800 00 



ODD FELLOWS' MUTUAL BENEFIT ASSOCIATION, PROV- 

INCETOWN. 

[Commenced business Oct. 29, 1872.] 

Joseph P. Johnson, President. Isaiah A. Small, Secretary. 

Income during 1881. 
For membership fees 



assessments 



Total income 
Balance on hand Jan. 12, 1881 



Total 



Disbursements during 1881 



Cash paid for losses and claims (3 deaths), $573 00 
for salaries of officers and em- 
ployes 10 00 

for printing, postage, etc. . 12 72 

Total disbursements .... 



Balance 



Assets Jan. 11, 1882. 
Cash in principal office 

deposited in banks . 
United States bonds and interest 
Total amount of cash items 

Membership Jan. 11, 1882 
Certificates in force . 
Amount represented therein 



$33 24 

99 32 

235 15 



$9 50 
570 00 

$579 50 
351 72 

$931 22 



595 72 
$335 50 



$367 71 

192 
192 

$36,864 00 



156 



MUTUAL AID AND OTHER [Dec. 31, 



ODD FELLOWS' MUTUAL RELIEF ASSOCIATION OF 
WORCESTER COUNTY, WORCESTER. 

[Incorporated Oct. 15, 1877. Commenced business Oct. 13, 1871.] 

A. H. Fisher, President. H. H. Marshall, Secretary. 



Income during 1881. 
For membership fees 

assessments 
Received from fines, interest, etc. 



Total income 
Balance on hand Dec. 31, 1880 



Total 



Disbursements during 1881. 
Cash paid for losses and claims (9 deaths), $9,000 00 
for travelling expenses . . 33 67 
for salaries of officers and em- 
ployes 526 66 

for incidentals .... 198 81 

Total disbursements .... 



Balance 



Assets Dec. 31, 1881. 
Cash in principal office .... $41 14 

deposited in banks .... 4,873 31 

United States bond 1,000 00 

Total amount of cash items . . 



Office furniture and safe . 

Membership Dec. 31, 1881 
Certificates in force . 
Amount represented therein 



$200 00 



$394 30 

11,438 00 

176 64 

$12,008 94 
3,664 65 

$15,673 59 



9,759 14 
$5,914 45 



$5,914 45 



1,235 

1,235 

$1,202,156 00 



1881.] BENEFICIARY ASSOCIATIONS. 157 



ORGANIZATIONS UNDER SECRET ADMINIS- 
TRATION. 



In this classification we include the statements of so-called 
secret beneficiary organizations, though secret only so far as 
necessary to protect themselves from imposition. The list 
commences with the statement of the Knights of Honor, 
which is very complete and more elaborate in its detail than 
would be ordinarily admissible in a summarized report. 
The special reason for giving so full an abstract of this state- 
ment is the fact that the information communicated covers 
substantially similar conditions and methods existing in the 
administration of other organizations of its class whose state- 
ments immediately follow. 

In other cases, as in this, the Grand Lodge, or other State 
organization, whatever be its title, represents only the State 
jurisdiction, and while supervising the subordinate branches 
therein, it is itself subordinate to a supreme or other higher 
authority, both having a representative membership from 
their respective constituencies. In many other particulars, 
such as terms of admission, rates of assessment, limitation 
of benefits, and various rules and regulations, a similar sys- 
tem governs the business of all, and therefore need not be 
repeated in each individual statement. 

It should be borne in mind, also, that while the Knights of 
Honor and some other Orders are represented in Massachu- 
setts only through a Grand Lodge, or other State body, their 
parent organizations being domiciled elsewhere, others, like 
the Royal Arcanum, are incorporated with headquarters in 
Massachusetts, a fact which may explain any apparent lack 
of uniformity or completeness in the statements of any of 
the former. 



158 MUTUAL AID AND OTHER [Dec. 31, 

GRAND LODGE KNTGHTS OF HONOR OF MASSACHUSETTS. 

[Incorporated Feb. 7, 1879.] 

Charles A. Gregg, Gr. Dictator. Charles H. Eaton, Gr. Reporter. 
Office, No. 730 Washington Street, Boston. 

Statement Dec. 31, 1881. 

Amount of assessments paid Supreme Treasurer during 

the year by members of the Order in Massachusetts . $174,354 70 

Amount received from Supreme Treasury by beneficiaries 
of deceased members in Massachusetts (65 full and 2 
half rates) 132,000 00 

Membership in Massachusetts, Dec. 31, 1881 . . . 11,059 

Estimated membership May 1, 1882 .... 11,400 

Sixty-five deaths occurred among the Massachusetts mem- 
bership during the year ending May 1, 1882. In sixty-four 
cases the full-rate benefit of $2,000 was paid, and in the 
other the half-rate, or $1,000. 

The Grand Lodge of the Knights of Honor of Massachu- 
setts consists of representatives from subordinate lodges 
within its State jurisdiction, including officers and commit- 
tees annually selected from their own number. 

The object of this Grand Lodge is the better government 
of its subordinates within the State ; but it has nothing to 
do with the collection of assessments or the payment of bene- 
fits in the Order. 

Supplementary. 

The Supreme Lodge of the Knights of Honor, incorporated 
by special act of the Kentucky legislature, consists of repre- 
sentatives from every State in the Union and the District of 
Columbia, Nevada and Oregon only excepted. This body 
has full control of the collection of assessments and payment 
of death benefits in the Order, performing this part of its 
work by direct communication with the subordinate lodges, 
wherever existing. 

The financial statement of the Supreme Lodge for the year 
ending May 1, 1882, shows the following receipts and dis- 
bursements : — 



1881.] BENEFICIARY ASSOCIATIONS. 159 

Widows and Orphans' Benefit Fund. 
Amount on hand May 1, 1881 . . . $96,871 84 
Received during the year from assessments, 2,211,376 02 

Total $2,308,247 86 

Paid 1,069 full-rate ($2,000) and 17 half- 
rate ($1,000) benefits 2,155,000 00 

Balance on hand May 1, 1882 $153,247 86 

General or Expense Fund. 

Amount on hand May 1, 1881 . . . $27,000 18 
Received from sale of supplies and per 

capita tax (25 cents per member) . . 58,441 87 

Total $85,442 05 

Paid for supplies and general expenses .... 54,988 22 

Balance on hand May 1, 1882 ..... $30,453 83 

These funds are kept entirely separate and distinct ; the 
first for the payment of death benefits only, the last for 
the general expenses* of the Order. 

Applicants for membership between the ages of twenty-one 
and fifty are required to submit to a rigid moral and physical 
examination before admission to the Order. Persons over 
fifty years of age are admitted as honorary or non-beneficial 
members without the medical examination. The fee for ad- 
mission to the Order and dues of members are fixed by each 
subordinate lodge, but not to be less than $5.00 for the de- 
grees and membership, and twenty-five cents per month for 
dues, which are payable quarterly. These fees become the 
property of the lodge to which the member belongs. 

The subordinate lodges provide for the social, moral, and 
intellectual improvement of their members, for the relief of 
the sick, for the assistance of those out of employment, and 
for encouragement to each other in business. 

The assessment or mortuary rates are $1.00 to $4.00, ac- 
cording to the age of the applicant when becoming, a benefi- 
ciary member. At present one assessment upon the Order 
pays sixty-eight full-rate benefits to the widows, orphans, or 
dependants of deceased members. 

Number of members in the Order Dec. 31, 1881 . 120,909 
Estimated membership May 1, 1882 . . . . 125,000 
Amount represented therein .... $250,000,000 00 



160 



MUTUAL AID AND OTHER [Dec. 31, 



SUPREME COUNCIL OF THE ROYAL ARCANUM, BOSTON. 

[Incorporated Nov. 5, 1877. Commenced business June 23, 1877.] 

A. E. Keyes, Supreme Regent. W. O. Robson, Supreme Secretary. 

Office, No. 66 State Street. 

Income during 1881. 
For benefit certificates $8,868 50 



annual dues 
assessments 
interest 
Supplies sold . 

Total income 
Balance on hand Dec. 31, 1880 

Total 

Disbursements during 1881 
Cash paid for losses and claims (186 
deaths, full-rate, $3,000, and 
2 half-rate, $1,500) . . $561,000 00 
for instituting councils . . 1,802 00 
for salaries of officers and em- 
ployes .... 10,475 16 
for rent and loss on bonds . 515 00 
for general expenses . . 5,840 52 
for supplies .... 2,507 57 



10,068 59 

570,458 58 

211 71 

7,361 99 

$596,969 37 
10,559 43 

$607,528 80 



Total disbursements 
Balance 



Assets Dec 31 



Cash deposited in banks 
invested . 
Total amount of cash 



items 



Interest due and accrued 
Per capita due . 
Assessments due and unpaid 
Assessments not yet due (with treasurers 

of subordinate councils) 
Due from councils and deputies 
Stock on hand (estimated) 



1881. 

$17,411 94 
7,976 61 



$102 50 
5,858 18 
1,477 95 

64,146 96 
3,065 01 
2,000 00 



Liabilities Dec. 31, 1881. 
Adjusted losses and claims due and unpaid 
Amount due for printing . . 

Amount due councils .... 

Total liabilities 

Membership Dec. 31, 1881 

Certificates in force ..... 

Amount insured in 29 States and Canadian Dominion 



582,140 25 

$25,388 55 



$25,388 55 



$76,650 60 

$19,500 00 
162 44 
188 24 

$19,850 68 

33,330 

33,330 

$98,895,000 00 



1881.] 



BENEFICIARY ASSOCIATIONS. 



161 



KNIGHTS OF PYTHIAS (ENDOWMENT RANK). 

[Incorporated Aug. 25, 1870. Commenced business Nov. 1, 1877.] 

George W. Lindsay, Supreme Chancellor. 

John B. Stumph, Supreme Master of Exchequer. 



Income during 18S1. 



For membership fees 
assessments 
supplier, etc. 



Total income 
Balance on hand Dec. 31, 1880 



Total 



$7,855 00 

434,658 40 

736 00 

$443,249 40 
9,793 43 

$453,042 83 



Disbursements during 1881. 
Cash paid for losses and claims (269 deaths, 
carrying first, second, and 
third class benefits) . . $428,233 00 
for salaries of officers and em- 
ployes .... 5,718 92 
for furniture and fixtures . . 260 70 
for rent, supplies, postage, etc , 8,731 51 
Total disbursements .... 



Balance 



442,944 13 
$10,098 70 



Assets Dec. 31, 1881. 
Total amount of cash items accredited to four funds 



$10,098 70 



Liabilities Dec. 31, 1881. 

Adjusted losses and claims not yet due .... $77,000 00 
Adjusted losses and claims due and unpaid (since paid) . 9,000 00 

Losses and claims on which no assessment has been made, 

admitted $42,000 00 

Losses and claims on which no assessment has been made, 

resisted 6,000 00 

Membership Dec. 31, 1881 25,354 

Certificates in force ........ 25,354 

Amount represented, including all the States except three, $39,388,417 00 
21 



162 



MUTUAL AID AND OTHER [Dec. 31, 



KNIGHTS OF PYTHIAS BENEFICIAL ASSOCIATION OF 
MASSACHUSETTS, BOSTON. 

[Commenced busi: ess Nov. 5, 1872.] 

Andrew J. Hastings, President. Francis A. Chase, Secretary. 

Office, No. 10 Pemberton Square. 



Income during 1881. 
For membership fees 
Received from all other sources 

Total income 
Balance on hand Dec. 31, 1880 

Total .... 



$20 00 
1,011 00 

51,031 00 
760 11 

^1,791 11 



Disbursements during 1881. 

Cash paid for losses and claims (1 deaths), $922 00 
for salaries of officers and em- 
ployes 50 00 

for all other items ... 39 01 

Total disbursements .... 

Balance ......... 



1,011 01 

$780 10 



Assets Dec. 31, 1S81. 



Cash in principal office 

deposited in banks . 


$22 87 
733 03 


$755 90 
24 20 


Balance not accounted for 

Interest due and accrued . 
Assessments due and unpaid . 
not yet due . 


$27 08 

55 00 

196 90 



$278 98 



Liabilities Dec. 31, 1881. 

Adjusted losses and claims not yet due 
Amount due for salaries ..... 
for borrowed money 

Total liabilities ..... 

Membership Dec. 31, 1881 .... 
Certificates in force ... . . 

Amount represented therein .... 



$216 00 
50 00 
45 62 

$311 62 

212 

212 

$44,945 00 



1881.J 



BENEFICIARY ASSOCIATIONS. 



163 



GRAND LODGE KNIGHTS AND LADIES OF HONOR, 
CAMBRIDGEPORT. 

[Incorporated Jan. 27, 1882. Commenced business July 23, 1878.] 

Henry C. Knight, President. William F. Lander, Secretary. 

Income during 1881. 
For assessments in Massachusetts ..... $17,010 81 

Disbursements during 1881. 
Cash paid for losses and claims in Massachusetts . . $9,000 00 

Balance on hand Dec. 31, 1881, in Massachusetts Branch, 8,040 81 

Certificates in force Dec. 31, 1881, in Massachusetts . 1,604 

Number of members in the United States . . . 16,270 

Estimated amount of benefits represented . . . $24,440,500 00 
Received by Supreme Lodge during year for assessments, 129,815 48 

Paid by Supreme Lodge during year for losses . . 116,000 00 

Balance Sept. 1, 1881 13,815 00 



SUPREME COUNCIL AMERICAN LEGION OF HONOR, 

BOSTON. 

[Incorporated March 11, 1879.] 

Jacob Roberts, Sup. Commander. Nettie F. Mosher, Sup. Sec'y. 

Office, No. 44% Washington Street. 

Income during 1881. 
For benefit certificates 
annual dues 



assessments 
charters, interest, etc. 

Total income 
Balance on hand Dec. 31, 1880 

Total .... 

Disbursements during 1881 
Cash paid for losses and claims (182 deaths, 
benefits $500 to $5,000) . 
for salaries of officers and em- 
ployes 

for furniture, fixtures, or safes . 

for journals .... 

for charters, blanks, stationery, 

certificates, general expenses, 

instituting councils, session of 

supreme council 

Total disbursements .... 



$437,500 00 

14,275 00 
328 73 

1,978 49 



49,952 93 



$22,078 25 
13,325 66 

445,066 75 
40,462 11 

$520,932 77 
7,009 21 

$527,941 98 



504,035 15 



Balance 



$23,906 83 



164 



MUTUAL AID AND OTHER [Dec. 31, 



Assets Dec. 31, 1881. 

Cash in hands of Supreme Treasurer . $11,906 83 

United States registered bonds " . . 12,000 00 

Total amount of cash items . . 



Liabilities Dec. 31, 1881. 
Adjusted losses and claims not yet due . 
Expenses and supplies 



Total liabilities 



$23,906 83 



$91,500 00 
1,760 14 



,260 14 



Membership Dec. 31, 1881 33,681 

Certificates in force . 33,605 

Amount insured, including every State and one Territory, $119,351,500 00 



STATE COURT OF MASSACHUSETTS INDEPENDENT ORDER 
OF FORESTERS, BOSTON. 

[Incorporated June 12, 1882. Commenced business July 10, 18S1.J 

Thomas H. Hill, President. Peter B. Corbett, Secretary. 

Office, No. 574 Eighth Street. 

Income during 1881. 
For assessments ......... $13,150 00 

Disbursements during 1S81. 
Cash paid for losses and claims (13 deaths) . . . 13,000 00 

Balance . $150 00 

Assets Dec. 31, 1881. 
Cash deposited in banks . $150 00 

Membership Dec. 31, 1881 1,100 

Certificates in force 1,100 

Amount represented therein $1,100,000 00 



SUBORDINATE HIGH COURT ANCIENT ORDER OF 

FORESTERS. 

[Commenced business Oct. 1, 1876.] 

John Lawton, President. E. M. McMurtry, Secretary. 



Income during 1881. 



For membership fees 
assessments 



Total income 
Balance on hand Dec. 31, 1880 

Total . 



$784 70 
19,3S3 79 

$20,168 49 
880 39 

$21,048 S8 



1881.] 



BENEFICIARY ASSOCIATIONS. 



165 



Disbursements during 1881. 

Cash paid for losses and claims (19 deaths), $19,250 00 

for salary of secretary . . 500 00 

for printing, etc. . . . 321 05 

Total disbursements ; 



Balance 



20,071 05 

>77 83 



Assets Dec. 31, 1881. 



Cash deposited in banks . 

Membership Dec. 31, 1881 
Certificates in force . 
Amount represented therein 



$977 83 

1,530 

1,530 

$1,445,000 00 



GRAND COMMANDERY OF UNITED ORDER OF THE 

GOLDEN CROSS. 

[Incorporated March 25, 1881. Commenced business Dec. 10, 1878.] 

William H. Solomon, Grand Commander. 

James B. True worthy, Grand Keeper of Records. 

Office, Lowell. 

Income during 1881-82. 

For annual and semi-annual per capita tax 
Received from all other sources 



Total income 
Balance on hand April 1, 1881 



Total 



$2,338 00 

438 12 

$2,776 12 

357 77 

$3,133 89 



Disbursements during 1881-82. 
Cash paid for miscellaneous expenses . $2,429 55 



Total disbursements . 
Balance 



2,429 55 
S704 34 



Assets April 1, 1882. 
Cash in principal office, in currency .... 

Membership in Massachusetts April 1, 1882 
Certificates in force ....... 

Amount represented therein, full-rate certificates, each 
Half -rate certificates, each ..... 



$704 34 

2,502 

2,502 

^2,000 00 

1,000 00 



166 MUTUAL AID AND OTHER [Dec. 31, 

The Order is transacting business in twelve States, and 
has fifty-nine Subordinate Commanderies in Massachusetts, 
which paid to the Supreme Commander} 7 " for assessments, 
during the last year, 818,161.43, receiving therefrom 829,500 
for death-claims in this State. The present membership of 
the entire Order is 6,-192. The number of deaths during the 
year ending April 1, 1882, was 48, viz. : 32 in the Junior 
Class, and 16 in the Senior. Estimated total benefits repre- 
sented, 810,738,000. 

Supplementary. 

The following is a summary of the financial transactions 
of the Supreme Commandery for the year ending April 1, 
1882: — 

Benefit Fund — Junior Class. 
Balance on hand May 1, 1881 . . . $1,086 29 

Received for assessments .... 56,899 54 



Amount paid for death benefits . . $57,370 79 

Balance on hand May 1, 1SS2 ... 615 04 

Benefit Fund — Senior Class. 
Balance on hand May 1, 18S1 . . . $3,766 79 

Received for assessments .... 28,250 02 



$57,985 83 



$57,985 83 



Amount paid for death benefits . . $31,927 72 

Balance on hand May 1, 1881 ... S9 09 



$32,016 81 



$32,016 81 



Total assessments received from 1S7S to date, $187,971.30; total bene- 
fits paid, «1S7,267.17. 

General Fund. 

Received during the year, — 
For benefit certificates, supplies, per capita 

tax, etc $7,011 79 

borrowed money .... 4,000 00 



$11,014 79 



Paid Supreme Treasurer $11,014 79 

Resources am) Liabilities. 

Miflcellaneou $6,123 66 

Liabilities outstanding .... $4,560 76 

Balance in hand 1,562 90 

$6,123 66 



1881.] 



BENEFICIARY ASSOCIATIONS. 



167 



GOLDEN RULE ALLIANCE, BOSTON. 

[Incorporated June 9, 1882. Commenced business May 24, 1880.] 

John S. Damrell, President. Christopher J. Spenceley, Secretary. 
Office, No. 4 Exchange Plate. 

Income for Year ending May 1, 1882. 

For membership fees $4,082 00 

annual dues 2,217 58 

assessments ........ 2,438 35 

Received from all other sources . . . . . 342 29 

Total income .19,080 22 

Disbursements. 

Cash paid for losses and claims (2 deaths), 
for commissions to agents 
for travelling expenses to agents, 
for medical examiners' fees 
for fixtures .... 
for advertising .... 
for printing, books, and postage, 
for chapter expenses, rents, etc. 
Total disbursements .... 7,427 39 

Balance 81,652 83 

Assets May 1, 1882. 

Cash in principal office .... $104 88 

in chapters ..... 1,547 95 

Total amount of cash items 



U,131 


68 


1,831 


75 


5 


00 


1,245 


00 


6 


00 


189 


21 


1,338 


53 


1,680 


22 



Liabilities May 1, 1882. 
Amount due for borrowed money 

Membership May 1, 1882 

Certificates in force ...... 

Amount represented therein .... 



$1,652 83 



$50 00 

785 

830 

$1,440,000 00 



SUPREME COUNCIL OF THE HOME CIRCLE, BOSTON. 

[Incorporated Jan. 13, 1880. Commenced business Nov. 5, 1879.] 
Julius M. Swain, Supreme Leader. N. H. Fuller, Supreme Secretary. 

Office, Jamaica J J lain. 

Income during 1881. 

$1,204 46 

1,197 33 



For assessments 



benefit certificates, etc. 
Total income 



$2,401 79 



168 



MUTUAL AID AND OTHER [Dec. 31, 



Disbursements during 1881. 



Cash paid for losses and claims (1 death) . 
for advertising . 

for rent, postage, and incidentals, 
Total disbursements .... 



$1,204 46 
146 25 
905 92 



Balance 



Assets Dec. 31, 1881. 
Cash in principal office . 

Assessments due and unpaid . . . $1,379 72 

Per capita due 484 00 

Merchandise and supplies . . . 474 73 

12,338 45 

Liabilities Dec. 31, 1881. 
Adjusted losses and claims due and unpaid 
Amount due for borrowed money 
All other debts and obligations 

Membership Dec. 31, 18S1 
Certificates in force . 
A.mount represented therein 



82,256 63 
8145 16 

$145 16 



$1,198 44 
514 07 
6S0 39 

9G8 

968 

82,313,500 00 



GRAND LODGE ORDER OF THE IRON HALL OF MASSA- 
CHUSETTS. 

[Incorporated Jan. 16, 1882.] 

William F. Lander, President. Charles E. Holman, Secretary. 

Office, Cambridgeport. 

The Massachusetts Branch of this Order, recently incor- 
porated in this State, had only one subordinate, with fifty-five 
members, at the close of 1881, representing the same number 
of certificates in force ; but no death had occurred. The as- 
hmen ts are graded according to the amount of benefits 
taken, the former ranging from fifty cents to §2.50, and the 
latter from 8200 to 81,000 ; these transactions, as in other 
similar cases, being conducted between the Supreme Sitting 
of the Order at Indianapolis, Ind., and its subordinate 
branch* 

The Order was established in twenty States,* having in all 

fifty-nine local branches and 1,980 members at the close of 

the year. It received for assessments during the year 

tiO. and paid fifty-five claims for relief, amounting to 

,727.50. Total benefits represented, 81,500,000. 



* Since increased to twentj -nine. 



1881.] 



BENEFICIARY ASSOCIATIONS. 



169 



KNIGHTS OF THE MACCABEES, GRAND TENT OF MASSA- 
CHUSETTS, CAMBRIDGE. 

[Incorporated Aug. 31, 1880. Commenced business March 29, 1880.] 

George S. Evans, Grand Commander. 

George F. Crook, Grand Record Keeper. 

Xote. — The beneficiary funds of this order are assessed and paid from the subordinate 
bodies direct to the Supreme Tent incorporated under the laws of New York, and do not 
pass through the Grand Tent of this State. 

Income during 1881. (In Mass.) 

For membership fees $376 00 

annual dues ........ "221 65 

assessments ........ 703 00 



Total income ........ 

Disbursements during 1881. (In Mass.) 

Cash paid for losses and claims (3 deaths), $703 00 

for medical examiners' fees . 188 00 

Total disbursements .... 

Balance ...... 

Membership in Massachusetts Dec. 31, 1881 

in the entire Order 
Certificates in force in Massachusetts 

in force in the entire Order . 
Amount represented therein 
Deaths in the entire Order during the year 



$1,300 65 



891 00 

$409 65 

348 
937 
348 
937 
$937,000 00 
10 



NATIONAL AMERICAN ASSOCIATION. 

[Incorporated Jan. 29, 1879. Commenced business Jan. 29, 1879.] 

John C. Ralston, President. S. Browning, Secretary. 

Boston Office, No. 1125 Washington Street. 

Income for Year ending April 30, 1882. 

For annual dues $554 06 

assessments ........ 4,229 22 

Received from all other sources ..... 9S1 13 

Total income ..... 

Disbursements. 
Cash paid for losses and claims (5 deaths), 
for instituting associations 
for travelling expenses to agents, 
for salaries of officers and em- 
ployes ..... 
for furniture, etc. 
for all other items 
Total disbursements .... 

Liabilities. 
Amount due for borrowed money 



• 


$5,764 41 


$4,229 22 




650 00 




500 00 




200 00 




10 00 




175 19 






$5,764 41 




m m 


$1,500 00 



170 



MUTUAL AID AND OTHER [Dec. 31, 



SUPREME COLONY OF UNITED ORDER OF PILGRIM 
FATHERS, LAWRENCE. 

[Incorporated March 15, 1879. Commenced business March 19, 1879.] 
J. II. IIarrimax, President. James E. Shepard, Secretary. 



Income during 18S1 
For charter fees 
annual dues 
assessments 
supplies and certificates 

Total income 
Balance on hand March 1, 1881 

Total .... 



Disbursements during 1881, 

Cash paid for losses and claims (4 deaths), $5,036 64 

for salaries to agents . . 600 00 
for salaries of officers and em- 



$1,000 00 

397 78 

5,983 68 

143 78 

$7,52.5 24 
630 58 

$8,155 82 



ployes . . 
for furniture, fixtures, or safes, 
for postage and supplies . 
Total disbursements .... 


350 00 
175 25 

422 80 


6,584 69 


$59 09 
159 57 
125 00 


Assets Dec. 31, 1881. 
Cash deposited in banks ..... 

Assessments due and unpaid . 
Due from subordinate colonies . 
Furniture, etc. ...... 

Total 

Membership Dec. 31, 1881 .... 

Certificates in force ...... 

Amount represented therein .... 


$1,571 13 
$1,571 13 

$343 66 

1,687 

1,687 

$3,225,000 00 


• 



INDEPENDENT ORDER OF UNITED ESSENIANS, PEABODY. 

[Incorporated Nov. 10, 1880. Commenced business Dec. 3, 1880.] 

S. B. Gilbert, Supreme Chief. S. P. Smith, Supreme Secretary. 

Income for the Year ending May 17, 1882. 

For assessments $101 10 

Balance on hand May 17, 1881 156 96 



Total 



$258 06 



1881.] BENEFICIARY ASSOCIATIONS. 



171 



Disbursements. 
Cash paid for losses and claims (1 death) . $200 00 
Total disbursements .... 

Balance ......... 

Assets May 17, 1SS2. 
Cash deposited in banks ....... 

Membership May 17, 1882 

Certificates in force ........ 

Amount represented therein ...... 



$200 00 
$58 06 



$58 06 

90 

90 

}5,300 00 



SUPREME COUNCIL OF UNITED FELLOWSHIP, BOSTON. 

[Incorporated Jan. 31, 1881. Commenced business Oct. 4, 1880.] 

Henry Damon, Supreme Director. Frank W. Searcy, Secretary. 

Office, No. 319 Washington Street. 



Income during 1881. 



For membership fees 
annual dues 
borrowed money 
supplies sold 

Total income 



$217 00 
232 50 
477 33 
643 41 

1,570 24 



Disbursements during 1881. 



Cash paid for instituting councils 

for salaries of officers and em 

ployes . 
for advertising . 
for supplies purchased 
Total disbursements . 



Balance 



$350 00 

180 00 

98 63 

921 31 



1,549 94 

$20 30 



Assets Dec. 31, 18S1. 



Cash in principal office 



Per capita tax unpaid 
Assessments not yet due . 
Due for supplies 
Supplies on hand 



$197 00 


285 25 


202 00 


200 00 



$884 25 



$20 30 



172 MUTUAL AID AND OTHER [Dec. 31, 

Liabilities Dec. 31, 1881. 

Amount due for salaries of officers and office employes 

for organizing councils .... 

for borrowed money ..... 

Total liabilities ........ 

Membership Dec. 31, 1SS1 

Certificates in force ........ 

Amount insured ........ 





8230 75 




100 00 




477 33 




$808 08 




*278 




258 


13 


7,222 00 



ORDER OF UNITED FRIENDS. ' 

[Incorporated April 3, 1882.] 

C. J. Spexceley, Grand Councillor. Abel B. MUNROE, Grand Recorder. 
Office, No. 39 Court Street, Boston. 

Statement June 1, 18S2. 

Amount of relief fund $646 95 

Other cash assets 804 70 



Total $1,451 65 

The Massachusetts Council of this Order, incorporated 
two months ago, and holding the above amount, has now 
seven Subordinate Councils in the State, with a membership 
of 45G. 

The Supreme Council, to which the Grand Council of 
Massachusetts is subordinate, was organized eight months 
ago, and has upwards of fifty Subordinates reporting through 
its Grand Councils in six or eight States. The present mem- 
bership of the Order is 4,000, in which, thus far, no death 
has occurred ; consequently no assessment has been called. 

The treasurer's report for the first six months shows, — 

Income. 

Total receipts for the general fund $1,944 82 



Disbursements. 








For printing books and all other supplies. 


$1,326 


13 




medical examiner's fees 


9G 


74 




rent and insurance .... 


55 


60 




salary ...... 


250 


00 




Total disbursements .... 






1,728 47 


• 


• 


Balance on hand June 1, 1SS2 . 


&21G 35 



* Social membership: benefit membership, 258. 



1881.] 



BENEFICIARY ASSOCIATIONS. 



173 



GRAND LODGE ANCIENT ORDER OF UNITED WORKMEN, 

BOSTON. 

[Incorporated, 1873. Commenced business July 2, 1868] 

Caleb G. Sprague, Grand Master Workman. 

Hugh Doherty, Grand Recorder. 

Office, No. S96 Broadway, South Boston. 



Income during 1881. 

For assessments 

supplies, per capita tax, etc. 

Total income 
Balance on hand Dec. 31, 1880 

Total .... 



125,941 00 
5,210 85 

$31,151 85 

119 10 

$31,270 95 



Disbursements during 1SS1. 
Cash paid for losses and claims, including 

nine deaths .... $25,911 00 

for salaries to agents . . 1,900 00 

for salaries of officers and em- , 

ployes 600 00 

for printing, supplies, etc. . 2,633 05 

Total disbursements .... 



31,074 05 



Balance 



$196 90 



Assets Dec. 31, 1881. 



Cash in principal office 



Membership in Massachusetts .... 
Certificates in force in Massachusetts 
Amount represented therein .... 

Supplementary. 
Membership of the entire Order March 1, 1882 
Certificates in force ...... 

Amount represented therein, estimated . 
Keceived for assessments during the year 
Paid for benefits (704 deaths) .... 



$196 90 

1,867 

1,867 

$3,734,000 00 



101,685 

101, 6S5 

$196,500,000 00 

. 1,515,015 00 

. 1,503,555 80 



Grand Lodges of the Order are established in twenty-one States, and 
Subordinate Lodges, under the immediate jurisdiction of the Supreme 
Lodge, in some others. 



174 



MUTUAL AID AND OTHER [Dec. 31, 



ALL OTHER BEXEFICIARY ASSOCIATIONS. 



BAY STATE BEXEF1CIARY ASSOCIATION", WESTFIELD. 

[Incorporated June 2, 1SS1. Commenced business June 7, 1881.] 

John R. Reed, President. Samuel C. Gaylord, Secretary. 

Income from Commencement of Business to March 31, iS82. 

For membership fees $S,614 25 

1,437 50 



annual dues 
assessments 

Total income 



71 15 



$10,122 90 

Disbursements from Commencement of Business to March 31, 

1882. 
Cash paid for losses and claims (1 death *) . 
to agents ..... 
for travelling expenses of agents, 
for medical examiners' fees 
for salaries of officers and em- 
ployes . 
for all other items 
Total disbursements . 

Membership March 31, 1882 . 
Certificates in force . 
Amount represented therein 



$71 15 


. 


6,227 67 




640 82 




275 00 




2,322 78 




585 48 






$10,122 90 
1,124 




. 


1,124 


. 


$3,789,000 00 



BOSTON" POLICE RELIEF ASSOCIATION", BOSTOX. 

[Incorporated in 1S76. Commenced business Jan. 13, 1S71.] 

George F. Goold, President. George A. Walker, Secretary. 

Office, Charity Building, Chardon Street. 

Income during 1881. 
For membership fees 



annual dues 
Received from all other sources, as follows: — 
Proceeds of annual ball 
Interest on investments 

Total income 
Balance on band Dec. 31, 1880 

Total .... 



$400 00 
1,887 00 

6,642 25 
1,653 29 

$10,582 54 
37,848 44 

$48,430 98 



4 At commencement of organization. Membership July 1, 1882, 1,484. 



1881.] BENEFICIARY ASSOCIATIONS. 175 

Disbursements during 1881. 



Cash paid for death benefits (9 deaths) 


$3,700 00 




for sick benefits 


4,030 00 




for salaries .... 


300 00 




for all other items, viz. : — 






• Prem. on bonds purchased . 


1,014 8G 




Incidentals .... 


183 00 




Total disbursements .... 




•s9, 227 86 




Balance ...... 


$39,203 12 



Assets Dec. 31, 1881. 
Cash in principal office .... $4,724 82 

Cash deposited in banks .... 1,878 30 

Bonds and mortgages .... 32,600 00 

Total $39,203 12 

Membership Dec. 31, 1881 465 

Amount insured at death, twice as many dollars as surviving members. 
Sick benefits, $1.00 per day. 



CLERICAL ASSOCIATES, BOSTON. 

[Incorporated May 9, 1881. Commenced business May 9, 1881.] 

Joseph H. Mansfield, President. Alfred A. Wright, Secretary. 
Office, No. 38 Bromfield Street. 

Income from Commencement of Business to May 1, 1882. 

For membership fees ....... $204 93 

borrowed money ....... 506 22 

Received from all other sources ..... 31 84 



Total income $742 99 

Disbursements. 

Cash paid for compensation to agents . $50 00 

for furniture, fixtures, or safes, 129 28 

for advertising . . . . 375 41 

for all other items . . . 188 30 

Total disbursements .... $742 99 

Assets May 1, 1882. 
Cash in principal office $2 90 

Entrance fees $34 25 

Advertisements 7 50 

141 75 



176 



MUTUAL AID AND OTHER [Dec. 31, 



Liabilities May 1, 1882. 

Amount due for salaries of officers and office employes . $200 00 

for salaries and commissions to agents . 8 81 

for borrowed money ..... 506 22 

All other debts and obligations; viz., travelling expenses, 8 05 

Total liabilities 8723 11 

Membership May 1, 18S2 70 

Certificates in force ........ 70 

Amount represented therein ...... $70,000 00 



CAMBRIDGE BENEVOLENT ASSOCIATION, CAMBRIDGE. 

[Incorporated Jan. 22, 1881.] 

Edmund Miles, President. George Allen, Secretary. 

Statement Dec. 1, 1881. 

Received during the year for fees, etc. . $300 00 

during the year for assessments, 



Paid during the year for losses 

during the year for expenses . 

Balance on hand Dec. 1, 1881 . 

Membership Dec. 1, 1881 
Certificates in force .... 
Amount represented therein 



658 00 

$696 00 
58 25 



895S 00 



754 25 
$203 75 

153 
153 

$23,409 00 



EQUITABLE MUTUAL RELIEF SOCIETY, BOSTON. 

[Incorporated Feb. 21, 1881. Commenced business, Feb. 24, 1881.] 

Obbm S. Knapp, President. Charles E. Robertson, Secretary. 

Office, No. 131 Devonshire Street. 

Income from Commencement of Business to April 15, 1882. 
For membership fees $2,531 25 

annual du 
assessments 
Received from all other sources 

Total income $4,415 05 



460 


00 


913 


94 


509 


86 



1881.] BENEFICIARY ASSOCIATIONS. 

Disbursements. 

Cash paid for compensation to agents . $2,549 99 
for salaries of officers and em- 
ployes 120 00 

for all other items . . . 1,634 11 

Total disbursements . 



177 



Balance 



Assets April 15, 1882 



Cash iti principal office 

deposited in banks . 
Total amount of cash items 

Agents' balances .... 
Dues in process of collection . 
All other property . . . 

Total 

Liabilities April 
Amount due for borrowed money 
All other debts and obligations 

Total liabilities .... 

Membership April 15, 1882 . 
Certificates in force .... 
Amount represented therein 



$17 82 
93 13 



$362 04 

132 50 

51 00 



$545 54 
15, 1882. 



:,304 10 

$110 95 



$110 95 



$150 00 


91 80 


$241 80 


285 


285 



. $1,232,000 00 



MIDDLESEX AND WORCESTER FARMERS' AND MECHANICS' 
ASSOCIATION, HUDSON. 

[Incorporated March 15, 1876. Commenced business April 10, 1876.] 

George A. Cotting, President. Josiah S. Welsh, Secretary. 

Income during 1881. 
For membership fees 



assessments 

Total income 
Balance on hand Nov. 9, 1880 

Total 

Disbursements during 1881 
Cash paid for losses and claims (2 deaths), 
for other compensation to ag'ts, 
for salaries of officers and em- 
ployes ..... 
for all other items . ... 
Total disbursements .... 



Balance 



$758 70 

867 90 

$1,626 60 

562 75 

$2,189 35 



$506 00 




120 00 




145 10 




105 55 






876 65 





,312 70 



23 



178 



MUTUAL AID AND OTHER [Dec. 31, 



Assets Nov. 8, 1881. 

Cash in principal office, in currency . . $265 70 

deposited in banks .... 1,047 00 

Total amount of cash items . . 

Contingent Assets. 

Interest due and accrued .... $37 88 

Assessments due and unpaid ... 13 20 

All other property . . . . . 155 00 



Total 



$206 08 



Liabilities Dec. 31, 1880. 
Adjusted losses and claims due and unpaid 

Total ascertained liabilities 

Membership Nov. 8, 1881 .... 

Certificates in force ...... 

Amount represented therein . 



,312 70 



$295 00 
$295 00 

515 

515 
£65,225 00 



FIREMEN'S MUTUAL RELIEF ASSOCIATION, BOSTON 
William A. Green, Secretary and Treasurer. 

Income during 1881. 
For membership fees ..'.... 



assessments 

Total income 
Balance on hand Dec. 31, 1880 



Total 



Disbursements during 1881. 
Cash paid for losses and claims (4 deaths) . $3,588 00 



for incidentals 
Total disbursements 



1 45 



Balance 



Assets Dec. 31, 1881, 
Balance of assessment fund .... 

Membership Dec. 31, 1881 .... 
Amount of present benefits represented . , 



$146 00 
4,544 00 

$1,690 00 
135 65 

$4,825 65 



3,589 45 
$1,236 20 



$956 00 

478 
$456,968 00 



1881.] 



BENEFICIARY ASSOCIATIONS. 



179 



FRANKLIN MUTUAL BENEFIT ASSOCIATION, SALEM. 

[Organized Oct. 4, 1876. Commenced business Oct. 4, 1876.] 

Benjamin M. Perkins, President. Thomas J. Hutchinson, Secretary. 



Income during 1881. 

For membership fees 
Received from all other sources 



Total income 
Balance on hand Dec. 31, 1880 

Total . 



Disbursements during 1881 

Cash paid for compensation 

for incidentals .... 
Total disbursements .... 



Balance 



Assets Dec. 31, 1881. 
Cash in principal office, in currency . 
deposited in banks . 
Total cash assets (as per balance) 

Membership Dec. 31, 1881 
Certificates in force .... 
Amount represented therein 



$4 si 

58 26 



5112 45 
181 11 



$92 00 
4 30 

$96 30 
260 33 

$356 63 



63 07 

$293 56 



$298 56 

280 

280 

$7S,400 00 



FRATERNAL AID ASSOCIATION, WORCESTER. 

[Incorporated April 5, 1881.] 

Clark Jillson, President. E. H. Stearns, Secretary. 



Statement Dec. 6, 1881. 

Received during the year for fees 

Paid during the year for salaries and expenses 



Balance on hand Dec. 6, 1881 . 

Membership Dec. 6, 1881 
Certificates in force . 
Amount represented therein 



$722 00 
675 52 


$46 48 

200 

200 

$50,000 00 



180 



MUTUAL AID AND OTHER [Dec. 31 



GLEXMERE MUTUAL BEXEFIT ASSOCIATIOX, LYXX. 

[Organized April 23, 1873. Commenced business April 23, 1873.] 

James W. Hilliker, President. William R. Melden, Secretary. 



Income during 1881. 
For membership fees 

assessments 
Received from all other sources 



Total income 
Balance on hand Dec. 31, 1880 



Total 



Disbursements during 1881. 
Cash paid for losses and claims (13 deaths), $11,965 00 



for salaries of officers and em- 
ployes ..... 
for safe ..... 
for all other items . 
Total disbursements .... 



655 58 
100 00 
287 07 



Balance 



Assets Dec. 31, 1881. 
Cash deposited in banks ..... 

Membership Dec. 31, 1881 .... 

Certificates in force ...... 

Amount represented therein .... 



$43 00 

12,089 00 

17 52 

$12,149 52 
1,727 72 

$13,877 24 



13,007 65 
$869 59 



$869 59 

893 

893 

$807,449 00 



HOME MUTUAL AID ASSOCIATIOX, BOSTOX. 

[Incorporated April 30, 1880. Commenced business May 17, 1880.] 

Charles W. Sherburne, President. Horatio G. Xutter, Secretary. 

Office, 18 Post-Office Square. 

Income during 1881. 

For membership fees $5,274 75 

annual dues ........ 378 70 

assessments ........ 7,875 95 

Total income $13,529 40 

Balance on hand Dec. 31, 1881 525 2S 

Total $14,054 68 



1881.] 



BENEFICIARY ASSOCIATIONS. 



181 



Disbursements during 1881. 

Cash paid for losses and claims (2 deaths), $4,883 50 

to agents 1,523 45 

for salaries of officers and em- 
ployes 2,032 08 

for all other items . . . 1,943 07 

Total disbursements .... 



Balance 



$10,382 10 

$3,672 58 



Assets Dec. 31, 1881. 

Cash in principal office . $104 71 

deposited in banks .... 3,567 87 

Total amount of cash items . . > 

Membership Dec. 31, 1881 

Certificates in force ........ 

Amount represented therein ...... 



$3,672 58 

1,499 

1,499 

1,627,000 00 



Note. — Membership May 1, 1882, 1,850; mean amount during 1881, 
$4,201,000; working expenses, $5,499: a ratio of about one-eighth of one 
per cent. 



LYNN MUTUAL BENEFIT ASSOCIATION, LYNN. 

[Organized Nov. 8, 1869. Commenced business Nov. 8, 1869.] 

George T. Newhall, President. Charles E. Chase, Secretary. 



Income during 1881. 

For membership fees 

assessments 
Received from all other sources 

Total income 
Balance on hand Dec. 31, 1880 

Total .... 

Disbursements during 1881. 

Cash paid for losses and claims (9 deaths), $8,723 00 
for salaries of officers and em- 
ployes 533 25 

for incidentals .... 184 78 

Total disbursements .... 



Balance 



Assets Dec. 31, 1881. 
Cash deposited in banks 



$101 20 

9,564 50 

86 62 

$9,752 32 
2,442 26 

$12,194 58 



9,441 03 
$2,753 55 

$2,753 55 



1-2 



MUTUAL AID AND OTHER [Dec. 31, 



Liabilities Dkc. 31, 1880. 

Amount of all adjusted losses and claims due (since paid), |968 00 

Membership Dec. 31, 1881 970 

Certificates in force ........ 970 

Amount represented therein 8940,900 00 



MALDEN MUTUAL BENEFIT ASSOCIATION, MALDEX. 

[Incorporated Dec. 17, 1880. Commenced business Dec. 17, 1SS0..] 
James Pierce, President. \V. A. Carey, Jun., Secretary. 



Income during 1881. 
For membership fees ...... 

assessments ....... 

Received from all other sources .... 

Total income ....... 

Balance on hand Dec. 31, 1S80 .... 

Total ........ 

Disbursements during 1881. 
Cash paid for losses and claims (14 deaths) . $1,207 50 



for salaries to agents 
for all other items 
Total disbursements . 



Balance 



300 00 
151 02 



Assets Dec. 31, 1881. 

Cash in principal office, in currency . . $69 30 

Cash deposited in banks .... 2,399 24 

Total amount of cash items . . 

Liabilities Dec. 31, 1881. 
Amount due for salaries of officers and office employes . 

Membership Dec. 31, 1881 . ... 

Certificates in force ........ 

Amount represented therein ...... 



$00 00 

5,368 00 

75 92 

$5,503 92 
1,626 14 

$7,130 06 



4,661 52 
$2,468 54 



52,468 54 



$25 00 

705 

705 

$456,976 00 



1881.] 



BENEFICIARY ASSOCIATIONS. 



183 



MASSACHUSETTS BENEFIT ASSOCIATION, BOSTON". 

[Incorporated Feb. 8, 1878. Commenced business Oct. 13, 1879.] 

William A. Simmons, President. George A. Litchfield, Secretary. 

Office, Tremont Temple. 



Income during 


1881. 




For membership fees .... 


. 


$37,605 00 


annual dues ..... 


. 


8,434 00 


assessments ..... 


. 


106,367 31 


From all other sources .... 


• 


46 25 


Total income ..... 


$152,452 56 


Balance on hand Dec. 31, 18SU. 


... 


2,323 43 


Total ^ 


$154,775 99 


Disbursements during 1881. 




Cash paid for losses and claims (22 deaths) . 


$92,000 00 




for compensation to agents 


32,588 30 




for medical examiners' fees 


996 77 




for salaries of officers and em- 






ployes ..... 


7,125 42 




for furniture, fixtures, or safes . 


251 20 




for advertising .... 


671 39 




for incidentals .... 


3,470 45 




Tnt;}l niQrnivciPTYipnt",s: 




137,103 53 


J_ yJ LcXl ULo kJ 111 oCJilCll \j!j • • • • 


. 


Balance . . 


$17,672 46 


Assets Dec. 31, 


1881. 




Cash in principal office .... 


$72 84 




deposited in banks .... 


16,057 62 




Total amount of cash items 




$16,130 46 



Agents' balances 



$1,542 00 



Ascertained Liabilities Dec. 31, 1881. 
Amount of all adjusted losses and claims not yet due 



$10,000 00 



Number of certificates in force Dec. 31, 1881 . 
Amount represented therein .... 



5,755 
. $22,429,001) 00 



Note. — Maximum age of members, 65; minimum, 20; average, 38^-. 



184 



MUTUAL AID AND OTHER [Dec. 31, 



MASSACHUSETTS MUTUAL AID SOCIETY, FITCHBURG. 

[Incorporated Feb. 17, 1879. Reorganized March 27, 1882.] 

Henry A. Willis, President. F. C. Currier, Secretary. 



Income during 1882. 




For membership fees ....... 


$2,758 00 


assessments ........ 


7,651 05 


Received from all other sources ..... 


26 48 


Total income ........ 


$10,435 53 


Balance on hand at re-organization ..... 


794 95 


Total 


$11,230 48 


Disbursements during 1882. 




Cash paid for losses and claims (6 deaths) . $5,992 00 




for compensation to agents . 1,542 48 




for medical examiner's fees . 491 00 




for salaries of officers and em- 




ployes . • . . . . 525 00 




for all other items . . . 368 21 




TVitll Hl°V»ll'T OTT10tl1' c T 


8,918 69 
$2,311 79 




Assets March 31, 1882. 




Cash deposited in banks ....... 


$2,311 79 


Membership March 31, 1882 


1,496 




1,496 


Amount represented therein 


$2,278,874 00 


Average age of members, class 1, 41£ years; class 2, 40| 


years; class 3, 


43^ years. 





MECHANICS' MUTUAL AID SOCIETY, BOSTON. 

[Incorporated Feb. 12, 1846. Commenced business January, 1842.] 

T. C. Dunn, President. John S. Welch, Secretary. 

Office, Sherman House. 



Income during 1881. 
For membership fees 

annual dues 

Received from all other sources 

Total income 
Balance on hand Dec. 31, 1880 

Total .... 



$25 00 
417 75 
135 60 

$578 35 
2,088 09 

$2,666 44 



1881.] 



BENEFICIARY ASSOCIATIONS. 



185 



Disbursements during 1881. 
Cash paid for losses and claims . . $523 28 



Total disbursements . 
Balance 



Assets Dec. 31, 1881. 
Cash deposited in banks ....... 

Balance (excess) unaccounted for, . . . $80 53 



$523 28 
$2,143 16 



$2,223 69 



Membership Dec. 31, 1881 

Amount insured, $100.00 at death, and $6.00 per week sick benefit. 



70 



METHODIST MINISTERS' BELIEF ASSOCIATION, BOSTON. 

[Incorporated May 1, 1878. Commenced business June 5, 1881.] 

A. A. Wright, President. J. H. Mansfield, Secretary. 

Office, No. 513 Broadway. 



Income for Year ending March 22, 1882. 
For annual dues 
assessments 
Received from all other sources 



Total income 
Balance on hand March 31, 1881 



Total 



$591 05 

6,473 23 

38 02 

$7,102 30 
1,514 75 

$8,617 05 



Disbursements. 

Cash paid for losses and claims (3 deaths), 
for salaries of officers and em- 
ployes ..... 
for all other items 


$4,873 25 

325 00 
122 47 


5,320 72 








$3,296 33 



Assets March 22, 1882. 
Cash in principal office .... $265 44 



deposited in banks . 
Total amount of cash items 

Assessments due and upaid 
All other property . 



Total 



3,030 89 



$384 60 
150 00 

$534 60 



$3,296 33 



24 



186 



MUTUAL AID AND OTHER [Dec. 31, 



Liabilities March 22, 1882. 
Adjusted losses and claims due- and unpaid 
Amount due for salaries .... 

Total liabilities .... 

Membership March 22, 1882 . 
Certificates in force ..... 

Amount insured, amount received from one assessment 



$1,958 35 
342 20 

$2,300 55 

1,091 
1,091 



MERCANTILE MUTUAL ACCIDENT ASSOCIATION. 

[Incorporated Jan. 4, 1881. J 

Charles W. Sherburne, President. Horatio G. Nutter, Secretary. 
Office, No. 18 Post-Office Square, Boston. 



$659 00 
1,218 00 



Statement Dec. 1, 1881. 

Received during the year for fees and dues 
during the year for assessments 

Total ...... 

Paid out during the year for losses . 
during the year for expenses 
Total disbursements .... 



Balance on hand Dec. 1, 1881 $590 68 

Membership Dec. 1, 1881 376 

Certificates in force ........ 376 

A weekly benefit is paid in case of accidental bodily injury. 



. 


$1,907 00 


$S08 15 




508 17 






1 316 39 







MILFORD MUTUAL RELIEF ASSOCIATION, MILFORD. 

[Incorporated Aug. 4, 1881. Commenced business in 1870. Re-organized Nov. 15, 1SS1.] 

A. C. Withington, President. Lewis B. Hart, Secretary. 



Income during 1881. 

For membership fees 

assessments 
Received from all other sources 

Total income 
Balance on hand Dec. 31, 1SS0 

Total .... 



$70 00 

417 00 

21 77 

$508 77 

677 35 

$1,186 12 



1881.] BENEFICIARY ASSOCIATIONS. 187 

Disbursements during 1881. 
Cash paid for losses and claims (1 death), $417 00 



for salaries of office 

ployes . 
for all other items 
Total disbursements . 



Balance 



s and em- 



39 16 
38 34 



$494 50 



$091 62 



Assets Dec. 31, 1881. 

Cash in principal office, in currency . 

deposited in banks .... 
Total amount of cash items 
Balance (excess) unaccounted for 

Membership Nov. 15, 1881 .... 

Certificates in force ...... 

Amount represented therein .... 



$5 


03 




698 


79 


$703 82 


$12 20 




. 


417 


. 


. 


417 


. 


. 


$173,889 00 



MUTUAL HEALTH AND BENEFIT LEAGUE OF WORCES- 
TER. 

[Incorporated April 30, 1881.] 

Harrison L. Fisk, President. Frederick Killenberger, Secretary 
Office, J^18 Main Street, Worcester. 

Statement Oct. 1, 1881. 

Received during the year for fees and dues, $224 00 

during the year for assessments . 
Cash advanced by directors 

Total 

Paid during the year for salaries and expenses 

Balance on hand Oct. 1, 1881 . 

Membership Oct. 1, 1881 

Certificates in force ..... 

Amount represented therein 

Benefit, $5 per week in sickness,, and $100 at death. 



31 75 

900 00 


$1,155 75 
1,104 40 


• 


• 


$51 35 

127 
127 

$12,700 00 



188 



MUTUAL AID AND OTHER [Dec. 31, 



MUTUAL PROVIDENT ASSOCIATION, BOSTON. 

[Incorporated March 25, 1881.] 

Thomas W. Bicknell, President. Charles F. King, Secretary. 

Office, No. 16 Hawley Street. 



Statement Dec. 17, 1881. 

Received during the year for fees, etc. 
Paid during the year for expenses . 

Membership Dec 17, 1881 .... 

Certificates in force ...... 

Amount represented therein (estimated) . 



$563 00 
563 00 

76 
76 

8,000 00 



NEW ENGLAND COMMERCIAL TRAVELERS' ASSOCIATION, 

BOSTON. 

[Incorporated Oct. 15, 1877. Commenced business Feb. 8, 1877.] 

Malcom B. Cole, President. Edwin R. Walker, Secretary. 

Office, 4,0 Bedford Street. 

Income for Year ending Nov. 30, 1881. 
For membership fees 
annual dues 



assessments 
Received from all other sources 



Total income 
Balance on hand Nov. 30, 1880 



Total 



$451 00 
982 00 
11,350 00 
55 83 



$12,838 83 
2,534 11 

$15,372 94 



Disbursements. 



Cash paid for losses and claims (6 deaths), 
for medical examiners' fees 
for salaries of officers and em- 
ployes . 
for all other items, viz. ■ inciden- 
tals 
Total disbursements . 



Balance 



$11,130 00 
19 00 

641 94 

482 04 



12,272 98 



Assets Nov. 30, 1881. 

Cash in principal office, in currency . . $33 22 

deposited in banks .... 3,066 74 

Total amount of cash items 



All other property . 

Membership Nov. 30, 1881 
( <M tificates in force . 
Amount represented therein 



$103 58 



$3,099 96 



$3,099 96 

1,010 

1,010 

$2,040,000 00 



1881.] 



BENEFICIARY ASSOCIATIONS. 



189 



NEW ENGLAND MUTUAL AID SOCIETY. 

[Incorporated July 11, 1877. Commenced business May, 1878.] 

Augustus P. Martin, President. George Kempton, Secretary. 

Office, 31 Milk Street, Boston. 

Income during 1881. 



For membership fees 
collection fees . 
assessments 
interest, etc. 

Total income 
Balance on hand Dec. 31, 1880 

Total . 



Disbursements during 1881. 
Cash paid for losses and claims (21 deaths), $72,039 50 
to agents ..... 

for salaries of officers and em- 
ployes ..... 

for furniture, fixtures, or safes, 

for advertising, printing, and 

postage .... 

Deposits applied to payment of assess- 
ments ....... 

Total disbursements .... 

Balance . . • . 



10,875 15 



Assets Dec 31, 1881 
Cash in principal office .... 

deposited in bank .... 

Total amount of cash items 

United States bond owned .... 

Total cash assets (as per balance) 

Balance (value of U. S. bond over cost) . 

Assessments due and unpaid . 

not yet due .... 
Office furniture ..... 



1,741 88 



Liabilities Dec. 31, 1881. 
Adjusted losses and claims not yet due .... 
Claims on which no assessment has been 
made $5,400 00 



$18,112 00 

3,957 85 

86,081 50 

912 17 

$109,063 52 
3,720 26 

$112,783 78 



6,692 03 
67 50 




4,521 47 




403 06 


94,598 71 




• 


$18,185 07 


' $509 54 
16,126 78 


$16,636 32 
1,777 50 


• • 


• 


$18,413 82 


$228 75 




$3,102 00 

5,400 00 

239 88 





$13,517 00 



Number of certificates in force Dec. 31, 1881 
Amount represented therein 



4,460 
$21,319,000 00 



190 



MUTUAL AID AND OTHER [Dec. 31, 



XEW ENGLAND RELIEF ASSOCIATION, BOSTON. 

[Incorporated Jul}' 6, 1SS1. Commenced business July 16, 1881.] 
J. A. IIarwood, President. Harrison A. Shorey, Secretary. 

Office, No. 31 Milk Street. 

Income from Commencement of Business to June 14, 1882. 



For membership fees ..... 

annual dues ...... 

for assessments on stockholders . 
Received from all other sources, as follows: loan 

Total income ...... 

Paid-up capital at commencement of business . 

Total 



Disbursements. 
Cash paid for salaries to agents . . $300 00 

for travelling expenses to agents, 32 30 

or allowed for medical examin- 
ers' fees .... 1,052 00 
for salaries or other compensa- 
tion of employes . . . 473 50 
for furniture, fixtures, or safes, 272 72 
for advertising, printing, and 

postage ..... 705 25 

for all other items; viz., — 

Rent .... 466 22 

Incidentals . . . 117 52 

Total disbursements .... 



Balance 



Assets June 14, 1882. 

Cash in principal office, in currency . 

deposited in banks . . . . 
Total amount of cash items 



$5 69 
125 71 



Liabilities June 14, 1882. 
Amount due for borrowed money 

Membership June 14, 1882 .... 

Certificates in force ...... 

Amount represented therein .... 



$1,892 16 
458 75 
500 00 
200 00 

$3,05.0 91 
500 00 

$3,550 91 



3,419 51 
$131 40 



$131 40 



$200 00 

1,039 

1,052 

$3,061,000 00 



1881.] 



BENEFICIARY ASSOCIATIONS. 



191 



PEABODY MUTUAL BENEFIT ASSOCIATION, PEABODY. 

[Organized April 1, 1880. Commenced 'business April 1, 1880.] 

Patrick H. O'Conor, President. James H. Thomas, Secretary. 



Income during 1881. 



For membership fees 
assessments 



Total income 
Balance on hand Dec. 31, 1880 



Total 



Disbursements during 1881 



$30 00 
161 70 

8191 70 
104 45 

$296 15 



Cash paid for losses and claims (1 death), $147 00 
for salaries of officers and em- 
ployes 18 08 

for all other items . . . 15 70 

Total disbursements .... -. 



Balance 



Assets Dec. 31, 1881. 
Cash deposited in banks ..... 

Membership Dec. 31, 1881 .... 

Certificates in force . . 

Amount represented therein .... 



180 78 



$115 37 



$115 37 

165 
165 

$27,225 00 



SAGAMORE MUTUAL BENEFIT ASSOCIATION, LYNN. 

[Organized Aug. 20, 1873. Commenced business Aug. 20, 1873.] 

E. K. Fogg, President. H. H. Green, Secretary. 



• Income during 1881. 

For assessments 

Received from all other sources 

Total income 
Balance on hand Dec. 31, 1880 



Total 




$5,744 20 
47 40 

$5,791 60 
1,923 51 

$7,715 11 



Disbursements during 1881. 

Cash paid for losses and claims (8 deaths) . $5,222 00 
for salaries of officers and em- 
ployes 337 86 

for all other items ... 95 09 

Total disbursements .... 



5,654 95 



Balance 



$2,060 16 



192 



MUTUAL AID AND OTHER 



Assets Dec. 31, 1881. 
Cash deposited in banks 

Balance (excess) unaccounted for 

Membership Dec. 31, 1881 .... 

Certificates in force ...... 

Amount represented therein .... 



$375 99 



[Dec. 31, 
$2,436 15 



1,050 

1,050 

$1,102,500 00 



SALEM MUTUAL BENEFIT ASSOCIATION, SALEM. 

[Organized April 9, 1873. Commenced business April 9, 1873.] 

John M. Raymond, President. Thomas J. Hutchinson, Secretary. 



Income during 1881. 
For membership fees 

assessments 
Received from all other sources 



Total income 
Balance on hand Dec. 31, 1880 



Total 



$64 00 

10,370 30 

48 59 



,482 89 
1,929 50 

2,412 39 



Disbursements during 1881. 
Cash paid for losses and claims (10 deaths), $10,350 00 
for salaries of officers and em- 
ployes 610 18 

for all other items . . . 168 71 
Total disbursements .... 



Balance 



Assets Dec. 31, 1881. 



Cash deposited in banks . 

Membership Dec. 31, 1881 
Certificates in force . 
Amount represented therein 



11,128 89 
$1,283 50 



$1,283 50 

1,006 

1,006 

,012,036 00 



MUTUAL RELIEF ASSOCIATION, SPRINGFIELD. 

[Incorporated Jan. 3, 1878. Commenced business January, 1878.] 

C. J. Sanderson, President. George A. Hill, Secretary. 

Income during 1881. 
For membership fees 



assessments 
Received from all other sources 



Total income 
Balance on hand Dec. 31, 1880 

Total . 



$78 25 
477 39 
6 89 

$562 53 
410 01 

$972 54 



1881.] 



BENEFICIARY ASSOCIATIONS. 



193 



Disbursements during 1881. 



Cash paid for losses and claims (2 deaths), 
for salaries of officers and em- 
ployes .... 
for all other items 
Total disbursements . 

Balance ..... 

Assets Dec. 31 
Cash in principal office, in currency . 
deposited in banks . 
Total amount of cash items 

Balance (excess) unaccounted for 

Membership Dec. 31, 1881 
Certificates in force .... 
Amount represented therein 



$480 00 



100 00 




15 10 






$595 10 




. 


$377 44 


L, 1881. 




$469 82 




243 57 






$713 39 


$335 95 


. 


282 


. 


300 


. 


$90,000 00 



UNION MUTUAL BENEFIT ASSOCIATION, BOSTON. 

[Incorporated Dec. 24, 1879. Commenced business Jan. 9, 1880.] 

Nehemiah T. Merritt, President. Charles R. Folsom, Secretary 
Office, No. 85 Devonshire Street. 

Income during 1881. 
For membership fees 



annual dues 
assessments 

Total income 
Balance on hand Dec. 31, 1881 



Total 



Disbursements during 1881. 

Cash paid for losses and claims (3 deaths), $4,093 54 

agents 1,412 25 

for salaries of officers and em- 
ployes ..... 783 09 
for all other items ... 810 79 
Total disbursements .... 



Balance 



Assets Dec. 31, 1881. 
Cash in principal office, in currency . 

Admission fees in course of collection 

Membership Pec. 31, 1881 .... 

Certificates in force ...... 

Amount represented therein .... 

25 



$182 00 



$2,362 41 
662 50 
4,093 54 

$7,118 45 
9 29 

$7,127 74 



7,099 67 
28 07 



$28 07 



626 

626 

$1,925,000 00 



194 



MUTUAL AID AND OTHER [Dec. 31, 



WARREN FRATERNAL BENEFIT ASSOCIATION, LYNN. 

[Organized May 6, 1SJ3. Commenced business May 6, 1876.] 

Edward A. Berdge, President. J. Rodman Guindon, Secretary. 

Income during 1881. 

For membership fees $124 00 

assessments ........ 13,656 50 

Received from all other sources ..... 38 40 



Total income 
Balance on hand Dec 31, 1880 



Total 



Disbursements during 1881. 
Cash paid for losses and claims (12 deaths), $12,485 00 
for salaries of officers and em- 
ployes 620 75 

for all other items . . . 318 73 
Total disbursements .... 



Balance 



Assets Dec. 31, 1881. 
Cash deposited in banks . 
Books, stationery, and safe 

Membership Dec. 31, 1881 
Certificates in force . 
Amount represented therein 



$96 00 



$13,818 90 
1,439 30 

$15,258 20 



13,424 48 
$1,833 72 

$1,833 72 



1,050 

1,050 

. $1,102,500 00 



WASHINGTON MUTUAL BENEFIT ASSOCIATION, 

[Organized May 23, 1873. Commenced business May 23, 1873.] 

E. W. Webster, President. L. B. Gould, 

Income during 1881. 
For membership fees 
assessments 



Total income 
Balance on hand Dec. 31, 1880 



Total 



Disbursements during 1881, 

Cash paid for losses and claims . . $2,748 00 
for salaries of officers and em- 
ployes 108 00 

for all other items ... 95 22 

Total disbursements .... 



LYNN. 

Secretary. 

$22 00 
2,531 35 



$2,553 35 
630 74 

$3,184 09 



2,951 22 



Palance 



$232 87 



1881.] BENEFICIARY ASSOCIATIONS. 195 

Assets Dec. 31, 1881. 

Cash deposited in banks $273 49 

Balance (excess) unaccounted for . $40 62 

Membership Dec. 31, 1881 378 

Certificates in force ........ 378 

Amount represented therein ...... .1142,884 00 



HIGHLAND MUTUAL AID SOCIETY, BOSTON. 

[Organized April 1, 1874.] 

J. T. Mathews, Chairman. Wm. Henry Clark, Secretary. 

Julius E. Rugg, Trustee. 

This is an association of the employes of the Highland 
Street- Rail way Company, established for the relief of mem- 
bers when sick, in which behalf its aid has met an important 
need. Since its organization, eight years ago, its financial 
transactions have aggregated as follows : — 

Total receipts for membership fees and assessments . $3,685 98 

amount paid for sick benefits . . $2,715 00 

for expenses . . 172 59 



2,887 59 



Balance April 1 , 1882 $798 39 

Membership April 1, 1882 127 

Certificates in force ........ 127 

Sick benefits, $6 per week. 

Under the Act of the present year, chap. 195, any associa- 
tion of this class can legally provide sick benefits if 
incorporated under chap. 115 of the Public Statutes, for 
compliance with which this Society is understood to have 
initiated necessary measures. 



LIFE, CASUALTY, AND ACCIDENT 

INSURANCE COMPANIES 

OF OTHER STATES 

Authorized to do Business in Massachusetts, with the Agents 
acting for the same and the amount of business done 
by Each Agent, for the Year ending October 
31, 1881, as returned to the tax com- 
missioner and by him compiled. 



198 



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AGENTS AND SUB-AGENTS. 



206 



AGENTS AND SUB-AGENTS. 



LIST OF AGENTS AND SUB-AGENTS 



AUTHORIZED AT DATE OF PUBLICATION OF THIS REPORT. 



Asrents marked *. 



ACCIDENT OF NORTH AMERICA, Montreal, Canada. 



Names. 



Residence. 



Names. 



Residence. 



Curtis and Milton 

Clark* . . . Boston. 

George O. Fogg . . Boston. 

Lockey & Allison . Fitehburg. 

S. C. Warriner . . Holyoke. 

Thomas Bevington . Lawrence. 

J. M. Kilgore . . Lowell. 



Boardman & Ingalls 
John H. Cheever 
John N. Shatruck 
George F. Miller 
Henry Clark 
George A. Millay 
J. B Bonnell . 



Lynn. 

Manchester. 

Natick. 

North Adams. 
Springfield. ' 
Webster. 
Worcester. 



iETNA, Hartford, Conn. 



D wight Chester* 
John II Stevens 
G. I >. Ki<-li«rdson 
Walter D. Tyler. 



Boston. 
Boston. 
Boston. 
Oxford. 



Chauncey H. Pierce* 
E. L. Jaggar 
W. E. Hawkins 



Northampton. 
Northampton. 
Springfield. 



CONNECTICUT GENERAL, Hartford, Conn. 


Edwin Ray * 
Alfred Laws* 


Boston. 
Brockton. 


James M. Cushman* 
Edwin G. Field* 


Taunton. 
Worcester. 


CONNECTICUT MUTUAL, Hartford, Conn. 



Sidnev F Tvler* 
Daniel W. Kilhurn 

Thomas F. Dodge 
Sylvan us B. Fay 
George L. Wrenn 
Samuel H. Stone 
S A. Sra-y & Bon 
John K. Norwood 
Joseph C. Chaffee 
Joshua P Bird . 
Albert P. Sawyer 
Oliver Walker . 



Boston. 

Boston. 

Boston. 

Boston. 

Bo-ton. 

Beverly. 

Gloucester. 

Lawrence. 

Lee. 

Newton. 

Newbury port. 

Northampton. 



William S. Danforth, 
H. H. Wellington . 
J. C Hammond 
V. W. Crowson . 
William A. Smith . 
Henry W. Billings . 
Henry C. Weston 
George B. Towle 
Wm. Lincoln & Co. . 
Chester Buck 
George E. Foster 
William H. Fish 



Plymouth. 

Adams. 

Taunton. 

Westfield. 

Worcester. 

Conway. 

Sharon. 

Worcester. 

Warren. 

Pitta field. 

Pittstield. 

So. Scituate. 



AGENTS AND SUB-AGENTS. 



207 



EQUITABLE, New York, N.Y. 



Names. 


Residence. 


Names. 


Residence. 


Daniel W. Russell * . 


Boston. 


George Harvey . 


Boston. 


Henry T. Blodget* . 


Boston. 


Richard W. Bailey . 


Boston. 


Asher C. Palmer 


Boston. 


John W. Guiteau 


Boston. 


George L. Stocking . 


Boston. 


E. L. S. Hammond . 


Boston. 


Nathan Warren . 


Boston . 


Benjamin F Brown . 


Boston. 


Charles P. dishing . 


Boston. 


Clarence A. Cook * . 


New Bedford. 


Henry McL. Harding, 


Boston. 


John M. Turner* 


Northampton. 


Henry M. Matthews . 


Boston. 


Charles Fav * . 


Springfield. 


Jacob W. Woodruff . 


Boston. 


A. M. Sleeper . 


Springfield. 


James B. Niver . 


Boston. 


E. P. Kendrick . 


Springfield. 



FIDELITY AND CASUALTY, New York, N.Y. 



Ellison, Baker, & Cool- 




Chauneev H. Pierce * 


Northampton. 


idge* 


Boston. 


W. E. Chase . 


Newbury port. 


Byron P. Myers * 


Adams. 


John Morissey & Son, 


Plymouth. 


Samuel H. Stone 


Beverlv. 


Charles H. Burr* 


Webster. 


G. M. Haffards . 


Fall River. 


T. H Hill & Co. 


Woburn. 


John S. D'Evelyn 


Lowell. 


Charles D. Tucker* . 


Worcester. 


H. E. Worcester 


Lowell. 







GERMANIA, New York, N.Y. 



Henry P. Olin* 
Emil Schwab* 



Boston. 
Boston. 



Benjamin Zaeder 



Worcester. 



GUARANTEE 


OF NORTH AMERICA, Montreal, 


Canada. 


Geo. W. Gregerson* . 


Boston. 


Tillinghast& Alden . 


New Bedford. 


S. A. Ha v ward & Co. . 


Brockton. 


Edward D. Tvler . 


North Adams. 


Chace & Shaw . . . 


Fall River. 


Wilson & Parker 


Piftsfield. 


Lockey & Allison 


Fitchburg. 


William Northey 


Salem. 


Jones Frankle . 


Haverhill. 


Joseph C. Pynchon . 


Springfield. 


Albert D. Swan . 


Lawreuce. 


E.T. Jackson & Co. . 


Taunton. 


E. M. Tucke 


Lowell. 


George E. Kendall . 


Worcester. 


Silsbee & Stevens 


Lynn. 







HARTFORD STEAM-BOILER, Hartford, Conn. 



W. S. Chamberlain* . 
S. A. Hay ward & Co.* . 
Chace & Shaw* . 
Lockey & Allison * . 



Boston. 
Brockton. 
Fall River. 
Fitchburg. 



David C. Freeman * 
Win. F. Johnson * 
John L. Smith* 



Hartford. 

Lynn. 

Providence. 



HOME, New York, N.Y. 



James M. Burgess * 
Arthur F. Barrett 
Philip Pond 



Boston. 

Springfield. 

Springfield. 



Thomas Ely 
Andrew J. Church 



Providence. 
Providence. 



208 



AGENTS AND SUB-AGENTS. 



HOMOEOPATHIC MUTUAL, New York, N.Y. 



Names. 


Residence. 


Names. Residence. 
1 


Eben. T. Spaulding* Boston. 
Charles G. Stevens* . Clinton. 


H. J. B. Hudson 


Lynn. 



MANHATTAN, New York, N.Y. 



J. Mason Everett* . I Boston. 
Henry B. Pierce . Abington. 



Geo. R. Harrington* i Springfield. 



METROPOLITAN, 


New York, N.Y. 




Charles Drouet* 


Boston. 


Henry J. Hoare 


Fall River. 


Marcus Kallraan * 


Boston. 


William A. Dunn 


Fall River. 


George Broadbent 


Boston. 


Barnard J. Conway . 


Fall River. 


Walter Ballentyne . 


Boston. 


James Chudley . 


Haverhill. 


John Sykes . 


Boston. 


Edwin S. Trow . 


Haverhill. 


Edward Hitchens 


Boston. 


William J. Gale 


Haverhill. 


Alonzo Campbell 


Boston. 


Thomas O'Hare 


Hoi yoke. 


A. McEarchern . 


Boston. 


James Hughes . 


Holyoke. 


H. C. Leslie 


Boston. 


Leighton J. Folsom . 


Holyoke. 


Hugh G. Montgomery, 


Boston. 


John O'Hare 


Holyoke. 


John Hughes 


Boston. 


H. M. Warburton . 


Lawrence. 


George Lufkin . 


Boston. 


Charles J. Smith 


Lawrence. 


George H. Pitcher 


Boston. 


William Brown 


Lawrence. 


William T. Conant . 


Boston. 


John Young 


Lawrence. 


Ellis F. Biscoe . 


. Boston. 


Jonathan Wilde 


Lowell. 


James Heifer 


Boston. 


James Sj'kes 


Lowell. 


Victor Bloom 


Boston. 


James L Moss . 


Lowell. 


Orlando C. Joslyn 


Boston. 


Gerald McManus 


Lowell. 


John W. Trites . 


Boston. 


Charles W. Bean 


Lowell. 


E. E. White 


Boston. 


Zachariah Feindle . 


Lowell. 


John Chester 


Boston. 


H. J. Braine 


Lowell. 


R. A. Elliott 


Boston. 


Fremont Lawton 


Lynn. 


Benjamin F. Curtis . 


Boston. 


Otis Vicary 


Lynn. 


William P. Parks 


Boston. 


Ike France 


Lynn. 


George T. Purves 


Boston. 


J. T. Chase 


Lynn. 


Allen K. Noves . 


Boston. 


W. J. Fletcher . 


Lynn. 


Thos. C. Ellin wood . 


Boston. 


John B. Flowers 


Lynn. 


Joseph Martin . 


Boston 


Thomas Mutch . 


Newburyport. 


Fred. Cummings 


Boston. 


Fred. B. Broadhead . 


Salem. 


Chas. L. Berthelot 


Boston. 


Thos. D. Morrison 


Salem. 


A. 0. Fellows . 


Boston. 


John J. Sharpe . 


Salem. 


D. N. Damon 


Boston. 


John McMillan . 


Salem. 


E. B. Pettits 


Boston. 


William Turner 


Springfield. 


Oscar KeiT . 


Boston. 


Gilbert V. Bangs 


Springfield. 


Albert C. Bunker 


Chelsea. 


Alvah Harvey * 


Springfield. 


Benjamin Barnbrook, 


Fall River. 


John McDaid 


Springfield. 


Thomas Bailey . 


Fall River. 


Arthur O'Connell 


Springfield. 


William Thornton 


Fall River. 


Ellis Cuuliffe . 


Springfield. 


Robert Cow gill . 


Fall River. 


i Joseph Buckley 


Taunton. 


Michael McFadden . 


Fall River. 


Richard Turner 


Worcester. 


Albert Goldtliorp 


Fall River. 


Dennis Lynch . 


Worcester. 


Charles Whitehead . 


Fall River. 


Geo. H. Matthews . 


Worcester. 


John Wright 


Fall River. 







METROPOLITAN PLATE-GLASS, New York, N.Y. 



Jacob Bean * 
S. D. Rowland * 
L. B. Usher* . 



Boston. 
Fall River. 
Lynn. 



Emory H. Nash * 
F. A. Judd * . 



Pittsfield. 
Springfield. 



AGENTS AND SUB-AGENTS. 



MUTUAL, New York, N.Y. 



Names. 


Residence. 


Names. 


Residence. 


Cornelius G. Attwood* 


Boston. 


William F. Newhall, 


Lynn. 


Henry M. McCloud . 


Amherst. 


J. Gilbert Forman . 


Lynn. 


Frederick Krause 


Boston. 


William E. Chase . 


Newburyport. 


Edmund R. Fowler . 


Boston. 


L. Grinnell & Son 


New Bedford. 


J. B. Anthony . 


Boston. 


Robert R. Horton 


No. Easthara. 


Charles W. Tarbell . 


Boston. 


J. Frank Dalton 


Salem. 


Lemuel Tyler 


Boston. 


William P. Hood 


Somerset. 


William R. Gordon . 


Beverly. 


Zenas C. Rennie 


Springfield. 


A. J. Fosdick 


Brockton. 


George D. Dutton 


Springfield. 


C. G. Stevens & Son . 


Clinton. 


W. R. Webster . 


Springfield. 


S. D. Howland . 


Fall River. 


Andrew S. Briggs 


Taunton. 


J. A. Remington 


Fall River. 


R. B. Robinson . 


Westfield. 


H. L. Follansbee 


Gloucester. 


W. H. Chioman 


Wevraouth. 


Frank H. Wright 


Gr. Harrington. 


Benj. F. Mather, jun. 


Williamstown. 


C. B. Wolcott . 


Holyoke. 


J. B. Bonnell . 


Worcester. 


Francis E. Manley 


Lowell. 


Franklin Whipple . 


Worcester. 


George L. Spaulding . 


Lowell. 







MUTUAL BENEFIT, Newark, N.J. 



Hedges & Hodges* . 


Boston. 


James F. Anderson . 


Boston. 


George W. Allen 


Amherst. 


A. Parker Newman . 


Boston. 


Edward A. Thomas . 


Amherst. 


James S. Tileston 


Hinoham. 


H. M. Daggett, jun. . 


Attleborough. 


! Joshua Merrill . 


Lowell. 


W. H. S. .Jordan 


Boston. 


I John T. Hall . 


Plymouth. 


R. V. C. Emerson 


Boston. 


Ben]. W. Russell 


Salem. 


James C. Whitmore . 


Boston. 


Sparrow Horton 


Woburn. 


James Townsend 


Boston. 

1 







NATIONAL, Montpelter, Vt. 



James T Phelps* 
S. A. Childs* . 



Boston. 
Fitchburg. 



Edwin S. Merrill* 
Charles D. Tucker* 



Winchendon. 
Worcester. 



NEW YORK, New York, N.Y. 




Amos D. Smith, 3d* . 


Boston. 


George Parsons 


Haverhill. 


William F. Morrill . 


Boston. 


Fred W. Pratt . 


Haverhill. 


Benjamin S. Calef 


Boston. 


H. H. Ballard . 


Lenox. 


A. J. Mosher 


Boston. 


S. W. Cook 


Lowell. 


O. W. Gardiner . 


Boston. 


J. A. Laseur 


Lowell. 


J F. Anderson . 


Boston. 


Board man & Ingalls . 


Lvnn. 


Jacob Fox . 


Boston. 


Josiah C. Proctor 


North Adams. 


George A. Smith 


Boston. 


Jarvis Rockwell* 


North Adams. 


Peter Tancred 


Boston. 


Charles F. Bonney . 


New Bedford. 


W. J. McCormick 


Boston. 


Levi Preston 


Peabody. 


Fred W. Cole . 


Boston. 


Ira F. Lowell . 


Rockland. 


Benj. A. Ball . 


Boston. 


J. Frank Dalton 


Salem. 


J. E. Jacobs 


Boston. 


A. W. Newton . 


Worcester. 


Lewis Lvman 


Boston. 


James Melanefy* 


Worcester 


J. M. Stuart 


Dedham. 


E. H. San ford . 


Worcester 


J. M. Shepard, jun. . 


Fall River. 







NORTH-WESTERN MUTUAL, Milwaukee, Wis. 



Edward J. Smith* 
William P. Gannett 
C C. Guiteau 
J. M. Kilgore* . 



Boston. 
Boston. 
Boston. 
Lowell. 



Antoine Houde . 
Frances T. Oilman* 
Edward D. Tyler * 
James Allan * . 



Lowell. 
New Bedford. 
North Adams. 
Norwich, Conn. 



27 



210 



AGENTS AND SUB-AGENTS. 



PENN MUTUAL, Philadelphia, Penn. 



Names. 


Residence. 


Names. 


Residence. 


Barnard Brothers* . 


Boston. 


George French* 


North Adams. 


J. W. Robbins . 


Boston. 


Harrv W. Putnam . 


Salem. 


H. A. Sanderson 


Boston. 


Fred S Poore . 


Salem. 


H. F. Sanderson 


Boston- 


Tbeo. D. Kldredge . 


Shrewsbury. 


Leander C Lynde 


Gardner. 


Noah A. Plynipton * 


Worcester. 


Frank P. Hill . 


Lowell. 


James H. MacBride . 


Worcester. 


Frederick Webber 


Lowell. 







PROVIDENT LIFE AND TRUST, Philadelphia, Penn. 



Gilbert C. Hoag* 
David N Hoi way 
Hiram V. Gould 
John S. Winn . 



Boston. 
Boston. 
Boston. 
Bostou. 



Ezra Kingman . 
S. Clarence Tozzer 
George G. Newhall 



E. B'dgewater. 

Lynn. 

Lynn. 



PROVIDENT SAVINGS, New York, N.Y. 



Fred W. Masters* 
Siegfried Wolffsohn 



Boston. 
Boston. 



Charles E. Miles* . 
George A. Millay* . 



Brookline. 
Webster. 



TRAVELERS', Hartford, Conn. 




Hatch & Woodman* . 


Boston. 


B. A. Haskell . 


Boston. 


Ernest S. Field . 


Ashburnham. 


S. A. Battison . 


Boston. 


Arthur Fenner . 


Ayer. 


Charles R. Ford 


Boston. 


Samuel Anderson 


Aver Junction 


Walter Raymond 


Boston. 


E. F Brown 


Athol. 


Chas. I. Trowbridge, 


Boston. 


Merrick Blanchard . 


Athol Centre. 


A. T. Kimball . 


Boston. 


0. P. Richardson, jun. 


Attleborough. 


Frank W. Noves 


Boston. 


F. H. B. Munson 


Adams. 


Christian Wasbburn, 


Bridgewater. 


William F Davis 


Adams. 


C.D.Fullerton&Co. . 


Brockton. 


Frank P. Goss . 


Barnstable. 


Jos. M. Hollywood . 


Brockton. 


Samuel Porter . 


Beverly. 


W. D. Dunham 


Brockton. 


E. A. R. Fairchild . 


Belehertown. 


H. H. Smith 


Cottage City. 


W. I. Hawks 


Boston. 


E. V. B. Holcomb . 


Chicopee Falls. 


F. S. Harrington 


Boston. 


Chas. E. Stebbins 


Chicopee. 


Alonzo P Jones 


Boston. 


Benjamin F. Brown . 


Charlestown. 


H. S. Keeler 


Bostou. 


C. G. Stevens & Son . 


Clinton. 


Locke & Gale 


Boston. 


William B. Clark . 


Dalton. 


Edwin Mercer . 


Boston. 


Charles H Davis 


Essex. 


L. H Palmer . 


Boston. 


S. D. Howland . 


Fall River. 


J. W. Richardson 


Boston. 


J. A. Remington 


Fall River. 


George M. Roberts . 


Boston. 


Chas. F. H. White . 


Fall River. 


William E. Sheldon . 


Boston. 


John H. Daniels 


Fitchburg. 


Joseph L. White 


Boston. 


Charles B Dennis . 


Fitchburg. 


T. Edward Bond 


Boston. 


Charles E. Kirby 


Fitchburg. 


Forest E. Day . 


Boston. 


H. L. Follansbee 


Gloucester. 


George O. Fogg . 


Boston. 


Eugene B. Blake 


Greenfield. 


Merrill E Hervey 


Boston, 


John F. Spring . 


Greenfield. 


Jacob C. Hiltz . 


Boston. 


W. W. Tandy . 


Gardner. 


Win. Parkinson, jun., 


Boston. 


Dunn & Dunn . 


Gardner. 


Abraham & Co. . 


Boston. 


Frank H. Wright . 


Gt Barrington. 


B. N. Holman . 


Boston. 


Wm. H. Mansfield . 


Gt. Barrington. 


Roland M. Jenks 


Boston. 


N. S. Kimball . 


Haverhill: 


John II. Fox 


Boston. 


Daniel Hooke . 


Haverhill. 


Alice R. Merriam 


Boston. 


Edward F. Adams . 


Haverhill. 


E. W. Abbe 


Boston. 


William H. Curtis . 


Haverhill. 


Henry Clucas, jun. . 


Boston. 


C. B. Wolcott . 


Holyoke. 


G. A. Lather 


Boston. 


Porter Underwood . 


Holyoke. 


If. ('.. Hutchinson 


Boston. 


W. W. Ward . 


Holyoke. 


Joseph B. Brainan 


Boston. 







AGENTS AND SUB-AGENTS. 



211 



TRAVELERS' — Concluded. 



Names. 



Jadd & Parsons . 
Daniel W. Stratton . 
William Freeston 
George H. Goodwin . 
Clinton O. Whitney . 
James H. Stannard . 
Albert D. Swan . 
Thomas Bevington 
Silshee & Stevens 
Albert N. Davis . 
William F. Johnson . 
Moses H. Pease . 
E. L Cogswell . 
H.C. Church & Son , 
Albert R. Carter 
James O. Parker 
Thomas C. Collins 
Henry S. Bacon . 
William Barnes . 
Anson B Fiske . 
C. J. Delahaunty 
Elmer F. Switzer 
Howard Perkins 
Arthur S. Alford 
Noah J. Carter . 
Piper & Sawyer . 
W. S. Rodinon . 
John M. Turner . 
Oliver Walker . 
J. L. Dennison . 
Hatch & Co. 
H. Van Campen . 
Ivory S Cornish 
L. G. Hewins, jun. 
James M. Forbush 
Royal E. Far well 
George S. Brooks 



Residence. 



Holyoke. 

Hudson . 

Hartford. 

Hartford. 

Hartford. 

Lawrence. 

Lawrence. 

Lawrence. 

Lynn. 

Lynn. 

Lynn. 

Lee. 

Lee. 

Lowell. 

Leominster. 

Methuen. 

Middleboro'. 

Milford. 

Marlborough. 

Marlborough. 

Miller's Falls. 

Mo n son. 

Mansfield. 

North Adams. 

North Adams. 

Newburyport. 

Northampton. 

Northampton. 

Northampton. 

Norwich. 

New Bedford. 

New Bedford. 

New Bedford. 

New Bedford. 

Natick. 

Natick. 

Orange. 



Names. 



Residence. 



H. R Stoughton 
Hellyar & Willis 
M E. Daniels . 
Albert Hyde 
John M. Stevenson 
Samuel E. Howe 
John T. Hall . 
Alvah W. Godding 
Henry A. Brown 
Lewis W Marden 
Henry A. Bowen 
H. G. Gilinore . 
Frank P. Doolittle 
F. A. Judd 
Charles L. Hayden 
Russell & Stevens 
Elisha M. Phillips 
J. C. Hammond 
Austin G. Ryder 
Andrew S. Briggs 
W. H. P. Gil more 
Horace W. Briggs 
Oscar F. Raws on 
Charles M. Ruggles 
Charles Hartwell 
E. J. Fuller 
John W Gay, jun. 
Harriet L. Hartwell 
Daniel F. Viles . 
Waldo Johnson 
Wm. Lincoln & Co. 
William Medcalf 
Willard B. Clark 
Asa P. Rand 
R. B. Robinson . 
George Otis 



Palmer. 

Palmer. 

Palmer. 

Pittsfield. 

Pittsfield. 

Pittsfield. 

Plymouth. 

Providence. 

Salem. 

Salem. 

Shelb'ne Falls. 

Springfield. 

Springfield. 

Springfield. 

So Deerfield. 

S. Fram'ghara. 

Southbridge. 

Taunton. 

Taunton. 

Taunton. 

Turner's Falls. 

W Brookfield. 

Worcester. 

Worcester. 

Worcester. 

Winchendon. 

Winchendon. 

Walt ham. 

Walthain. 

Webster. 

Warren. 

Ware. 

Williamstown. 

Westfield. 

Westfield. 

Yarmouthport. 



UNION MUTUAL, Augusta, Me. 



Daniel Sharp * . 


Boston. 


E. Bellefeuille . 


Haverhill. 


John C. Thompson . 


Boston. 


John J. Corrigan 


Lowell. 


James C. Benn . 


Boston. 


Milton Dixon . 


Middlefield. 


W. H. Millett . 


Boston. 


M. L. Scott 


Northampton. 


George A Cantine 


Boston. 


Ozaire Beuoit 


Oxford. 


Samuel S. Baker 


Dennisport. 


J. G. Clark 


Springfield. 


Charles B. Johnson . 


Easthampton. 


Howard I Clark 


Springfield. 


E J. L'Herault . 


Fall 1 liver. 


Joseph Bengle . 


Springfield. 


E. N. Gates 


Holyoke. 


0. L. Cowles 


Westfield. 



UNITED STATES, New Yokk, N.Y 



Luther G. Pitman* 
Edward Driscoll, jun 



Boston. 
Fall River. 



David W. C. Scates * 
George B. Perry * 



Northampton. 
North Adams. 



UNITED STATES PLATE-GLASS, Philadelphia, Penn. 



Roswell S. Barrows * Boston. 
William S. Greene* . Fall River. 



Charles C. Judd * 
Osgood & Perry 



Holyoke 
Lowell. 



212 



AGENTS AND SUB-AGENTS. 



VERMONT, Buuunoton, Vt. 



Names. 


Residence. 


Names. 


Residence. 


C.W.Carter* . 
Robert H. Magwood . 
Ellen S. Hatch . 
John Gordon 
John C. Gordon . 


Boston. 
Boston. 
Boston. 
Boston. 
Boston. 


John F. McCarthy . 
A. W, Hay nes . 
Henry L. Chad wick . 
John Slinn . 
William T. Allen 


Boston. 
Bolton. 
Chelsea. 
Fall River, 
Worcester. 



Charles W. Holden* . 


Boston. 


John S. Roraback 


Boston. 


Henry T. Blodget 


Boston. 


Edward J. Smith 


Boston. 


Jacob Fox . 


Boston. 


Edward L. Quigley . 


Charlestown. 


J. Mason Everett 


Boston. 


P. Chamberlain 


Chelsea. 


R. H. Salter 


Boston. 


Chas. H. Boardman . 


Lynn. 


Fred W. Masters 


Boston. 


M. L. Wheelwright . 


Newton. 


John S. Winn 


Boston. 


Henry H. Loyett 


Newton. 


Thomas E. Lambert . 


Boston. 


Franklin Whipple . 


Worcester. 



INDEX TO COMPANIES. 



[For Index to General Topics and Tables, see Table of Contenls prefacing the Commis- 
sioner's Report.] 



Page 
Accident Insurance Company of North America . . . vii, ix, 124 
Mtna, Life, Hartford, Conn 28 

Berkshire Life, Pittsfield, Mass 2 

Connecticut General Life, Hartford, Conn 35 

Connecticut Mutual Life, Hartford, Conn 39 

Equitable Life, New York, N.Y xii, 44 

Fidelity and Casualty viii, 126 

Germania Life, New York, N.Y viii, 50 

Guarantee Assurance Company of Boston ix 

Guarantee Company of North America vii, ix, 128 

Hartford Steain-Boiler ' 129 

Home Life, Brooklyn, N.Y 53 

Homoeopathic Mutual Life, New York, N.Y 58 

John Hancock Mutual Life, Boston, Mass viii, 6 

Manhattan Life, New York, N.Y 61 

Massachusetts Hospital Life, Boston, Mass 10 

Massachusetts Mutual Life, Springfield, Mass 11 

Metropolitan Life, New York, N.Y viii, 66 

Metropolitan Plate-Glass 131 

Mutual Life, New York, N.Y 69 

Mutual Benefit Life, Newark, N.J 74 

Mutual Boiler 133 

National Life, Montpelier, Vt. 78 

New England Mutual Life, Boston, Mass 16 

New York Life, New York, N.Y 83 

Northwestern Mutual Life, Milwaukee, "Wis 88 

Penn Mutual Life, Philadelphia, Penn 91 

Provident Life and Trust, Philadelphia, Penn 96 

Provident Savings, New York, N.Y 100 

State Mutual Life, Worcester, Mass 21 



214 



INDEX TO COMPANIES. 



Page 

Travelers', Hartford, Conn. (Life Department) 102 

Travelers', Hartford, Conn. (Accident Department) 134 

Union Mutual Life, Augusta, Me vii, xii, 106 

United States Life, New York, N.Y xii, 111 

United States Plate-Glass 137 

Vermont Life, Burlington, Vt. viii, 115 

Washington Life, New York, N.Y 118 



BENEFICIARY ASSOCIATIONS, 

Masonic. 
Boston Masonic Mutual Benefit Association 
Central Massachusetts Masonic Mutual Relief Association 
Connecticut Valley Masonic Relief Association . 
Eastern Massachusetts Masonic Mutual Relief Association 
Essex County Masonic Mutual Relief Association 
Lawrence Masonic Mutual Relief Association 
Southern Massachusetts Masonic Mutual Relief Association 
Suffolk Masonic Mutual Relief Association .... 
Union Masonic Mutual Relief Association .... 
Western Massachusetts Masonic Mutual Relief Association 



140 
141 
141 
142 
143 
144 
144 
145 
146 
147 



Odd Fellows. 

Charlestown District Odd Fellows' Mutual Benefit Association . . 148 

Chelsea Odd Fellows' Mutual Be-nefit Association 149 

Columbian Mutual Benefit Association 149 

Connecticut River Valley Odd Fellows' Mutual Benefit Association . 150 

Dorchester Mutual Benefit Association 151 

Essex, North, Odd Fellows' Mutual Benefit Association .... 152 

Lowell Odd Fellows' Mutual Benefit Association 152 

Lynn Odd Fellows' Mutual Benefit Association 153 

Massachusetts Odd Fellows' Benefit Association 154 

New England Provident Association 154 

Provincetown Odd Fellows' Mutual Benefit Association .... 155 

Worcester County Odd Fellows' Mutual Benefit Association . . . 156 



Associations under Secret Administration. 

Essenians 170 

Foresters (State Court) 164 

Foresters (Subordinate High Court) 164 

Golden Cross 165 

Golden Rule Alliance 167 

Home Circle 167 

Honor, Knights of 158 

Honor, Knights and Ladies of 163 

Honor, Legion of 163 

iron Hall . 168 

Maccabees, Knights of the 169 

National American Association 169 

Pilgrim Fathers 170 



INDEX TO COMPANIES. 215 

Page 

Pythias, Knights of (Endowment Rank) ....... 161 

Pythias, Knights of (Beneficial Association) ...... 162 

Royal Arcanum 160 

United Fellowship .171 

United Friends 172 

United "Workmen 173 

Other Beneficiary Associations. 

Bay State 174 

Boston Police 174 

Chelsea xxvii 

Clerical Associates . 175 

Cainhridge 176 

Equitable 176 

Farmers' and Mechanics' 177 

Firemen's 178 

Franklin 179 

Fraternal Aid 179 

Glenmere 180 

Highland Mutual Aid Society 195 

Home 180 

Lynn 181 

Maiden 182 

Massachusetts Benefit 1^3 

Massachusetts Mutual Aid 184 

Massachusetts Safety Fund . xxvii 

Mechanics' 184 

Mercantile 186 

Methodist Ministers' ]85 

Milford 186 

Mutual Health and Benefit . . .187 

Mutual Provident 188 

New England Commercial Travelers' 188 

New England Mutual Aid 189 

New England Relief 190 

Peabody 191 

Sagamore 191 

Salem 192 

Springfield 192 

Union 193 

Warren 194 

Washington 194